Dáil debates

Thursday, 16 April 2015

Topical Issue Debate

Mortgage Interest Rates

5:10 pm

Photo of Peter MathewsPeter Mathews (Dublin South, Independent) | Oireachtas source

I understand the rules, Acting Chairman, but this is an issue of national importance. In the space of a year, the bank turned a loss of €1.7 billion in 2013 into a profit of €1.1 billion, a turnaround of €2.8 billion. The Minister knows well that this is all to do with the manipulation of provisions. It is not to do with the health of the bank or its normal operating profit. The same applies in regard to AIB. All of this is seriously wrong and we must be courageous and honest about it for the sake of the Irish people whose lives are being impacted by it.

Some 300,000 mortgages equate to approximately 1 million people. Therefore, the issue needs to be addressed.

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