Dáil Éireann Debate, Thursday - 1 May 2014
46. Deputy Michael McGrath asked the Minister for Finance the position regarding the State supported banks; the proportion of their outstanding loans that are on a non-recourse basis; and if he will make a statement on the matter. [19802/14]
View answerI can confirm for the Deputy that I have received the following comments from the banks in relation to his question:
Allied Irish Banks:
AIB's underwriting criteria is 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 repayment source must be identified. AIB does not categorise loans on a recourse or non-recourse basis.
All disclosures in relation to AIB's loan portfolios are contained on pages 71 to 153 of AIB's 2013 Annual Financial report.
Bank of Ireland:
Comprehensive asset quality disclosures can be found from pages 380 to 423 of the Bank's Annual Report for the year to 31st December 2013. Please note Bank of Ireland does not categorise loans on a recourse or non-recourse basis in its Annual Report.
Permanent TSB:
The Group as a norm, given its customer base and lending product profiles did not engage in non-recourse lending. It has circa €360m (circa 1%) in non-recourse lending out of a total loan portfolio of €33bn as at March 2014.
