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

3:45 pm

Photo of Lucinda CreightonLucinda Creighton (Dublin South East, Independent)
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I have a number of questions I would like to tease through. Picking up where Senator Hayden left off, the Irish mortgage holders association, IMHO, figures released this week are very impressive. The collaboration between the IMHO and AIB is very successful and I would be interested to hear Mr. Boucher's thoughts on that. Might Bank of Ireland consider a similar arrangement? I believe 1,330 mortgage issues have found long-term resolutions in less than 12 months and almost 500 of those involve people who were actually faced with losing their homes. They have managed to resolve their difficulties through mediation between the IMHO and AIB. I feel strongly that it would be in the interests of Bank of Ireland as well as its customers to consider a similar approach.