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. Brendan Mahon:
If we repossess properties, we have an obligation to borrow to get the best value for the property as we sell it because it will have an impact if there is any residual debt thereafter. Various State bodies have approached us. We estimate we have sold approximately 100 cases to the councils around the country in recent years through the normal market process.