Oireachtas Joint and Select Committees
Thursday, 4 April 2019
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Matters Relating to the Banking Sector: Bank of Ireland
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
The bank has announced a securitisation programme which it believes will bring its non-performing exposures, NPEs, to about 5.8%. Is Ms McDonagh saying the bank is not working to a particular target for this or was it given a target? Does she expect any further initiatives, apart from working through each individual loan? Does she expect more securitisations or actual portfolio sales to reduce the figure further?
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