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Bank Debt Restructuring

Dáil Éireann Debate, Wednesday - 22 May 2013

Wednesday, 22 May 2013

Questions (76)

Pearse Doherty

Question:

76. Deputy Pearse Doherty asked the Minister for Finance the amount of debt written off by Allied Irish Bank, Bank of Ireland and Permanent TSB in 2010, 2011 and 2012 as a result of bankruptcies in Northern Ireland; and if he will make a statement on the matter. [24693/13]

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Written answers

I have been provided with the following information by the banks.

For commercial confidentiality reasons AIB does not publicly disclose details of bankruptcy cases in Northern Ireland or in any jurisdiction. AIB considers each person’s circumstances on a case by case basis. However, in all cases, AIB will continue to adopt an approach which best protects AIB’s financial and legal position as it seeks to recover outstanding amounts owed; Bank of Ireland’s Annual Reports provide comprehensive asset quality information, which for example can be found from page 320 in the 2012 Report. Bank of Ireland does not provide disclosures in the above-mentioned area; details of bankruptcies in Northern Ireland are not disclosed by PTSB on the basis of commercial confidentiality.

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