Oireachtas Joint and Select Committees
Wednesday, 5 November 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Overview of Banking Sector: Bank of Ireland
3:25 pm
Paul Murphy (Dublin South West, Socialist Party) | Oireachtas source
In the context of owner-occupiers, it would make certain financial sense for Bank of Ireland to adopt a more aggressive stance in terms of restructuring and repossession because of the fact that prices are increasing and properties would be worth more to it. Has a more aggressive policy been adopted? I was contacted in the past week by someone in Tallaght who claimed that Bank of Ireland had initiated repossession proceedings against them in court without any real attempt having been made to negotiate an alternative solution. In other words, the bank has made a quick move to repossess.
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