Oireachtas Joint and Select Committees

Wednesday, 29 April 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Eugene Sheehy:

Restructuring loans, both criticised and uncriticised, is absolutely standard practice. A customer comes in, change of circumstances, "This is what I thought was going to happen; it's not happening", and the bank would look at it. Sometimes it would refuse the request; sometimes it would go along with it but it's standard practice.