Oireachtas Joint and Select Committees
Wednesday, 8 May 2024
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Defective Concrete Blocks: Discussion (Resumed)
Mr. Wesley Murphy:
It depends on how much has been provided for in the first instance. I am not sure whether figures have been given by the Banking & Payments Federation Ireland, BPFI. In terms of the notifications to the banks, there is a relatively low number of notifications to the banks of borrowers who have identified mica or defective blocks and notified the borrowers of this issue. Of the 600,000 mortgages that are on the banks' books, just over 300 borrowers have notified the banks that they have got this issue.