Oireachtas Joint and Select Committees

Wednesday, 30 April 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Mortgage Arrears Resolution Process (Resumed): Central Bank of Ireland

1:55 pm

Professor Patrick Honohan:

Yes. We are trying to get a precise number. We do not have an exact number, but my impression is that the ratio is approximately 4:1 or 5:1, the one being where there has been an assessment and there is information but the bank believes no sustainable solution is possible.