Oireachtas Joint and Select Committees
Thursday, 21 June 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Matters Relating to the Banking Sector: Allied Irish Banks
9:30 am
Mr. Bernard Byrne:
I think it is important that we look at the portfolio we are talking about. Some 70% of this portfolio is more than five years in arrears, while 90% is more than two years in arrears. The ideal scenario is that we can engage and restructure. We agree on that. When we end up in this scenario, we are talking about non-engagement or non-presentation of solutions.