Michael McGrath
Question:143. Deputy Michael McGrath asked the Minister for Finance the number of rent receivers appointed to date in 2013 by the Irish headquartered banks; and if he will make a statement on the matter. [52894/13]
View answerTuesday, 10 December 2013
Questions (143)
Written answers
The Central Bank has advised that it does not publish statistics on the number of rent receivers appointed by Irish headquartered banks. However, the covered institutions have provided me with the following details regarding their use of rent receivers.
Bank of Ireland's last reporting date in August for the end of June showed that there were 1,235 properties where a Fixed Charge Receiver has been appointed or approved.
AIB has informed me that to date the bank has appointed fixed asset receivers to over 540 residential properties with a further 250 properties expected to be appointed before the year end.
PTSB has advised that it has appointed 3 Receivers of Rent (Receivers) year to date in respect of buy-to-let (BTL) properties. 144 properties (on 110 accounts) have been affected by this appointment in the year to date. The bank has advised that its 'Receiver Strategy' for its BTL portfolio continues to be centred on a case-by-case analysis. Appointments are made where it is deemed to be the most appropriate outcome for both the customer and the bank. The appointment of a Receiver is currently pending on 10 BTL properties (10 accounts).
It should be noted that under the terms of the Relationship Framework that govern the relationship between the Minister for Finance and the State supported banks, the respective Boards and Management teams retain responsibility and authority for determining the banks' strategies and commercial policies and conducting their day-to-day operations. The appointment of rent receivers to properties therefore is an operational decision for the Boards and Management teams of those institutions.