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

Mr. Peter Roebben:

The Senator is referring to the sale of non-performing loans that we closed last year. I do not know the specific case to which she referred so I cannot comment. I referred to the customer group in my opening statement. KBC's position is not to sell primary dwelling loans. It is an important decision as members will have seen the percentage of non-performing loans. We apply the European Banking Association and European Central Bank definition so it is a standard definition and not one that we have invented. We take responsibility to run a high percentage of non-performing loans. It is the logical consequence of treading very carefully with primary dwelling homes and having an extensive engagement process. I can only repeat what I said on this in my opening statement. We will give the Senator the details on the number of mortgages and the number of buy-to-let mortgages separately.

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