Michael McGrath (Cork South Central, Fianna Fail)
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Question 98: To ask the Minister for Finance if he will provide a list of the financial institutions currently implementing the deferred interest scheme as recommended by the Expert Group on Mortgage Arrears and Personal Debt; and if he will make a statement on the matter. [11269/11]

Michael Noonan (Limerick City, Fine Gael)
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The Central Bank has advised me that the following lenders have notified the Bank of their intention to implement the recommendation of a Deferred Interest Scheme (DIS), as set out in the final report of the Expert Group on Mortgage Arrears and Personal Debt:

Allied Irish Banks.

AIB Mortgage Bank.

Bank of Ireland.

ICS Building Society.

EBS.

Haven Mortgages.

Irish Nationwide Building Society.

Permanent TSB.

Springboard Mortgages.

Start Mortgages.

As at the end of December 2010, these named institutions held a market share of approximately 65% of the value of outstanding owner-occupier mortgages in the State.

The date at which lenders will be in a position to offer a DIS to borrowers varies. Some institutions expect to be in a position to offer the scheme by the middle of 2011.