Oireachtas Joint and Select Committees
Tuesday, 10 July 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Matters Relating to the Banking Sector: KBC Bank
2:00 pm
Mr. Wim Verbraeken:
For a mortgage to fulfil the conditions to be considered as performing it would have to pay interest plus a significant portion of capital, typically more than 50% of the original capital repayment. An interest only mortgage which perfectly meets the terms and conditions of the restructuring will be considered non-performing by KBC, which is not the case for every institution.
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