Written answers
Tuesday, 24 January 2012
Department of Finance
Bank Guarantee Scheme
9:00 pm
Michael McGrath (Cork South Central, Fianna Fail)
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Question 151: To ask the Minister for Finance if he will provide details, for each covered institution and including their finance and leasing businesses, of the number and category of repossessions of items, other than residential or commercial property, effected by the institutions for each of the years 2009, 2010 and 2011; and the value of the items concerned. [3706/12]
Michael Noonan (Limerick City, Fine Gael)
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The information requested in the question is considered commercially sensitive by the covered institutions and therefore not publicly disclosed. I have learned however, that such repossessions peaked during 2009 and have declined since then. Total repossessions would include assets returned by consumers who have exercised their rights under the Hire Purchase Act to terminate their agreement and return the assets in question to financing entities.
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