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

Photo of Rose Conway WalshRose Conway Walsh (Sinn Fein)
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There is €114 million there, so the bank then sells it off to a debt collector. It would not dream of selling something off to a debt collector from somebody who had engaged and had, for example, lost a job or otherwise could not afford to continue to pay the mortgage at the rate that the bank wanted. If somebody was on an interest-only rate and the bank wanted to get some of the capital loan paid, it would not sell that off.