Oireachtas Joint and Select Committees

Wednesday, 9 April 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB

11:20 am

Mr. Shane O'Sullivan:

Exactly. In the early days we primarily worked with customers we felt would be successful with respect to proposals for split mortgages and part capital and interest cases. In recent months we have worked to a greater extent with customers who to date have not been co-operating. That explains the increase from a very low base. One should not extrapolate that the increase in that quarter will continue.