Oireachtas Joint and Select Committees

Thursday, 10 May 2018

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

Banking Sector: Quarterly Engagement with the Central Bank of Ireland

9:30 am

Photo of John McGuinnessJohn McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

I have a quick comment for the Governor of the Central Bank, Professor Lane, on the tracker mortgage examination. I still get letters from people who do not know where they stand with their bank. They receive correspondence which states the bank is looking at the matter and will come back to them in 60 days or whatever it might be, and the bank still has not made a decision on the case or cases. At the first meeting we had with the Central Bank the figure might have stood somewhere around 10,000 or thereabouts and now it is 37,100. I believe more will be added to this.

I have a general question but I will mention a specific bank. AIB is now the owner of EBS and it is handling all of the mortgages of that entity with its own. Is the Central Bank satisfied the figures are all out now and there is nothing in the separate entity and make-up of mortgages that has yet to come out?

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