Oireachtas Joint and Select Committees

Tuesday, 10 July 2018

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Matters Relating to the Banking Sector: KBC Bank

2:00 pm

Mr. Wim Verbraeken:

Initially, the performing part of the split mortgage is non-performing, but it has the chance to cure, whereas the warehouse portion will remain non-performing for the lifetime of the loan because the provision is 100%.