Oireachtas Joint and Select Committees

Thursday, 2 March 2023

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

Debt Write-down and Debt Resolution Policies: Allied Irish Banks

Mr. Jim O'Keeffe:

The overall level of write-down that the bank writes down, including the greater than 90% is a publicly disclosed number every year. It is a number that comes out every year.

The details on just the 1,900 cases is not disclosed. The committee requested that new information. We provided the information to give the members a sense of the scale of write-down for the cases that are more than 90%. We do not provide that subset within our financial results. Today, we do not provide the information and the figure does not appear in the results. I am not trying to generate it as a secret. The information is commercially sensitive because we have to look at what is the way that we operate our write-down policy, etc. so I need to take that away. That is why I said to Deputies Doherty and Durkan that I would take their queries away, under consideration, in terms of it and that was the purpose. I still believe that my colleagues and I can give the committee an assurance around the consistency of how we are applying it without that information today.

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