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
Mr. Stephen Mason:
That would be a very low number. We got our operation together regarding managing mortgage arrears a number of years ago and as properties have come into possession, they have been sold. The number of properties we hold at any given time would be significantly under 100 - I think it is 80 or 90 at this stage. Probably half of those would be on the market and the rest would be getting ready to put on the market. There might be specific planning or other issues with some small number meaning that we just could not put them on the market at the moment. In recent years we have sold more properties than we have taken in.
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