Oireachtas Joint and Select Committees

Wednesday, 27 September 2023

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

General Banking Issues: Discussion

Mr. Myles O'Grady:

No, but the application of them did. When we look at house pricing impacts, even though a customer can be meeting all of their loan repayments quite successfully we may still be required to hold an increased loan provision. For example, this may happen if we believe there is a deterioration in GDP or a risk to house prices at the centre, regardless of what is happening for an individual customer.

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