Oireachtas Joint and Select Committees

Tuesday, 26 March 2019

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

Central Bank of Ireland: Discussion

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I appreciate that. AIB has presented the sale as commercial property and it is has made a virtue of the fact it does not sell private homes to vulture funds. Thousands of letters will be going in the post in the next two to three weeks, as up to 7,000 or 8,000 people will receive letters to tell them loans are being transferred to Cerberus, which is a vulture fund. In the middle of that will be private homes. We have spoken about the culture of the banks and all the rest. Is the Central Bank of Ireland aware of the number of private homes or principal private dwellings included in this sale? Does it have that information?

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