Dáil debates

Tuesday, 8 October 2013

Ceisteanna - Questions (Resumed)

Cabinet Committee Meetings

4:20 pm

Photo of Enda KennyEnda Kenny (Mayo, Fine Gael) | Oireachtas source

-----for the lenders, they have signed off on that as being a sustainable solution to a problem that had arisen. I understand the Central Bank has to audit all of these figures that have been submitted by the banks to the Central Bank, which is their licensor, if the Deputy knows what I mean. The indications are that 76%, almost 77%, of those restructured mortgages are actually paying their way and are sustainable, as agreed between the lender and the borrower. If one took any of those and had a different system of deciding what it should be, I am not sure that it would be all that helpful, to be straight with the Deputy.

The personal insolvency agency obviously opened its doors for business a number of weeks ago.

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