Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

I have some statistics that may be of help to the Deputy. At the end of March 2013, a total stock of 79,689 private dwelling house mortgage accounts were categorised as restructured. That is an increase of 1.8% on the end of December 2012. Of the restructured accounts, 53% are not in arrears. New data collected this quarter, that is, quarter 1 of 2013, indicated that 76% of restructured accounts were deemed to be meeting the terms of their agreement. A total of 24,706 new structure arrangements were agreed during the first quarter of the year. A total of 33.1% of the restructured accounts are on interest only arrangements, a fall of four percentage points on the end of December position, while a further 21.7% are on payments that are greater than interest only. Together, interest only arrangements and reduced payment arrangements account for approximately 55% of all restructured types. That was 59% at the end of December. A total of 144 accounts are in split mortgage arrangements, an increase of 92 cases on quarter 4, while 241 accounts have availed of permanent interest rate reduction, an increase of 17 cases. We have data and I will try, when we are making various statements, to give as much data as I can.

See this speech in context