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
Mr. Tony McMahon:
As I mentioned earlier, we keep up the engagement at all times with borrowers or, particularly at the very latter stages, third-party advisers. It may be a new adviser. Last year, 52 possession orders that had come via the courts were executed. That is a much smaller subset by comparison with 411. It exhibits the timeline between the granting of a possession and its execution. In that period, we continue to engage with the customer to determine whether we can find a solution.
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