Michael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

79. To ask the Minister for Finance further to Parliamentary Question No. 46 of 1 May 2014, if he will separately disclose the proportion of AIB's non recourse lending which relates to mortgage and personal borrowing; and if he will make a statement on the matter. [22134/14]

Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source

As previously advised, I have been informed by AIB that the bank's underwriting criteria are based on the repayment capacity of the borrower. As a general rule, personal loans to individuals are not made on a non-recourse basis. Where non-recourse lending occurs (typically on higher value transactions) an appropriate alternative repayment source must be identified. AIB does not categorise loans on a recourse or non-recourse basis.

Further information in relation to AIB s loan portfolios are contained on pages 71 to 153 of AIB s 2013 Annual Financial Report.