Tuesday, 19 February 2013

Questions (276)

Michael McGrath

Question:

276. Deputy Michael McGrath asked the Minister for Finance the number of residential and buy to let mortgages outstanding at Irish Bank Resolution Corporation at the time of its liquidation; the number of mortgages in arrears for greater than 90 days and 180 days; the total value of mortgages outstanding at IBRC; the value of mortgages in arrears of greater than 90 and 180 days; the plans for the disposal of the mortgage book; and if he will make a statement on the matter. [8666/13]

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Written answers (Question to Finance)

Detailed information in relation to the Bank’s financial performance, including information on provisioning, is published semi-annually in the Bank’s interim report and annual report and accounts. The Bank’s 2011 Annual Report, pages 169-173, provides detailed disclosure on the Bank’s residential mortgage portfolio. More recent information can be found in the Bank’s Interim Report 2012, page 72. It is Bank policy not to publish any additional confidential commercially sensitive financial information which could potentially have a detrimental impact on asset recovery.