Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I questioned representatives of Permanent TSB earlier about its split mortgages and they informed us that under the current guidelines all their split mortgages are deemed as non-performing. Mr. O'Keeffe, under questioning from me on the previous occasion he appeared before the committee, suggested or stated that AIB's split mortgages can be deemed as performing under the current guidelines. AIB repeats this in the answer to question No. 24 of the questionnaire: "Subject to new repayment terms being fully met during a probationary period (typically 1 year), AIB Split loans are eligible to return to performing status under EBA non-performing definitions." Can Mr. O'Keeffe clarify this? Regarding the 3,190 split loans that have been restructured until the end of the year, are they or can they be deemed as non-performing? If so, can Mr. O'Keeffe perhaps speak to the committee about how the bank has achieved a position whereby they may be not classed as non-performing?