Oireachtas Joint and Select Committees
Tuesday, 21 May 2019
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Matters Relating to the Banking Sector (Resumed): KBC Bank
Rose Conway Walsh (Sinn Fein) | Oireachtas source
It is important to examine it so I ask Mr. Mahon to let the committee have the exact number of mortgages impacted by it. Sometimes buy-to-let mortgages can be just dismissed as superfluous but they have a real impact on people's lives, particularly where people bought one or two properties instead of a pension that they were guaranteed at the time. It has affected their entire family loan circumstances. Throughout the opening statement, reference was made to vulnerability. Many of the people whom I come across whose mortgages have been sold are extremely vulnerable. Does Mr. Mahon have a figure on the write-down when KBC sold the €0.9 billion? What write-down was given to Goldman Sachs?
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