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

4:45 pm

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

My questions are about lending in the property, housing and construction sector. I want to get my head around what is happening in that sector at the moment. Will Mr. Boucher explain how he is making decisions about lending to property developers at the moment, what proportion is given to them of the finance they need to carry out a construction development and what criteria are being used? My concern is that we would repeat all the mistakes of the past. How is that working? Is the bank lending to people to buy up property that was left over from the collapse? How is that working? In the document, there is reference to working in terms of public private partnerships. Will Mr. Boucher say something about the types of public private partnerships in which the bank is collaborating and how that works? What is the balance between its involvement and that of the State sector? Could he give some examples?

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