Oireachtas Joint and Select Committees
Thursday, 21 June 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Matters Relating to the Banking Sector: Allied Irish Banks
9:30 am
Mr. Jim O'Keeffe:
In our most recent disclosure, we disclosed that we possessed more than 600. There are two parts to this. We have been active in - we initiated it, really - our work with the Housing Agency. Or, rather, once the agency approached us, we were one of the first out of the blocks. We have worked successfully with the Housing Agency since the beginning of last year. We offered 500 properties initially, of which the agency contracted approximately 180, amounting to €27 million. Following a series of phases since then, each involving approximately 250 properties, we have shared more than 1,000 properties in total with the agency. Of our current stock, we have offered 380 properties and received acceptance for approximately 270. We have some of those that we had offered previously but were not suitable for the agency. We are working through the vacant property stock, primarily with the Housing Agency.
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