Michael McGrath (Cork South Central, Fianna Fail)
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71. To ask the Minister for Finance if he will provide details, in cash terms for each bank that received State support, of the amount of capital provided or reserved to address the issue of principal dwelling house mortgage arrears; the quantum of such support that has been used to date for this purpose; and if he will make a statement on the matter. [19065/15]

Michael Noonan (Limerick City, Fine Gael)
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In early 2011, as part of the agreement with the External Partners, the Central Bank commissioned a detailed evaluation of the possible loan losses that would be incurred by banks in a severe stress scenario. All the loan books were examined, including the residential mortgage books in Ireland and the UK. The results of this work were key inputs into the capital requirements identified in PCAR 2011, which totalled €24bn. Total losses modelled under the stress scenario on Irish mortgages were €9bn. This comprised €2bn at Bank of Ireland, €4.4bn at AIB/EBS and €2.6bn at Permanent TSB. However, in the analysis, there was never any specific provision made for the purpose of providing relief for distressed family home mortgages.

I have been informed that the relevant institutions disclose in their financial statements information on residential mortgages,  impaired loans and provisions and separately details of Regulatory Capital held as a buffer for potential future losses. Each institution has disclosed the information below:

AIB

All relevant disclosures in relation to AIB s residential mortgages, including impaired loans and provisions, are made in the Risk Management section, pages 51 to 156, of AIB s 2014 Annual Financial Report published on 5 March 2015. This report is available on the following link: .

Bank of Ireland

No taxpayer capital was provided/reserved to Bank of  Ireland to address the issue of principal dwelling house mortgage arrears. Publicly available information in relation to Bank of Ireland's capital is available in the Bank of Ireland Annual Report 2014 and other market disclosures.

The Bank of Ireland 2014 Annual Report is available at the following link: .

Permanent TSB

The Annual  Report of Permanent TSB provides extensive data in relation to provisions made for loans in arrears.  In particular, I would refer the Deputy to the relevant disclosures in relation to  provisions for loans in arrears are made in the Asset Quality section of the Operating and Financial Review section, pages 21 to 26, of Permanent TSB's 2014 Annual Financial Report published on 11 March 2015.  The Regulatory Capital section of the Operating and Financial Review, on page 30, gives details of Regulatory Capital held as a buffer for potential future losses.  This report is available on the following link: .