Oireachtas Joint and Select Committees
Wednesday, 19 December 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB
3:20 pm
Ms Margaret Hayes:
The Chairman asked about distressed mortgages. The bank currently has around 174,000 mortgages. At the moment, around 20% of what we would call the residential book is in some form of arrears. Over one third of the other big chunk of mortgages, which is residential investment properties, is also in some form of arrears.