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
Michael McGrath (Cork South Central, Fianna Fail)
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I understand but them being at the limit of their overdraft with AIB does not trigger any additional enforcement action from AIB's point of view. However, a €50,000 overdraft carried over to Everyday Finance DAC, which the latter regards as a loan and calls in, creates a completely different dynamic. That is fine, I just wanted that clarity.
I refer now to the tracker mortgage issue. The prevailing rate cohort constitutes about 5,800 customer accounts at this point. From AIB's point of view, is that matter closed?