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
12:25 pm
Michael McGrath (Cork South Central, Fianna Fail)
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Allied Irish Banks has been criticised for claiming that approximately 20% of its customers are strategic defaulters. There is a difference between a strategic defaulter and a person who is not co-operating. Some of those in the latter category may simply not have any money and cannot, therefore, be described as strategic defaulters. What is the bank's current position on this issue? What percentage of its customers are stonewalling and not co-operating or responding to calls, requests for standard financial statements and so forth?