Oireachtas Joint and Select Committees

Thursday, 21 September 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Banking Sector in Ireland: Bank of Ireland

9:30 am

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I will move on to the issue of the number of accounts in arrears. We have seen that there is a significant fall from 2013 to today. It is still not acceptable, in my view, that almost ten years on from the crisis there are still so many in arrears, but we have 4,083 compare with 11,116 in 2013. It says that there are 486 such homes in forbearance and 2,283 in some sort of legal process, including those that have been repossessed. Approximately 4,000 homes that were in arrears over 90 days that are now not in arrears, forbearance or in the courts process. Where are those? What happened to those individuals? Was it a case that they all got out of arrears, or did the bank sell on some of those loans?

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