Oireachtas Joint and Select Committees
Wednesday, 5 November 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Overview of Banking Sector: Bank of Ireland
2:35 pm
Mr. Liam McLoughlin:
The numbers of properties repossessed by the end of June 2014 were 247 buy-to-let and 146 owner-occupied properties. We have not repossessed 4,300 houses. We may be taking some of these cases through a legal process. Our experience, however, has been that where customers do not co-operate with the bank, once we engage with them in the legal process, the levels of co-operation tend to increase and improve. The number of properties repossessed by the bank is significantly smaller than the Deputy stated.