Dáil Éireann Debate, Thursday - 12 June 2014
68. Deputy Michael McGrath asked the Minister for Finance for each State-supported bank, if he will provide details of the amount of principal dwelling house mortgage debt written off so far this year, including agreements to write off mortgage debt in the future subject to conditions being met; the number of mortgages affected; and if he will make a statement on the matter. [25109/14]
View answerI have been provided with the following information by AIB and permanent tsb.
AIB
All relevant data in relation to AIB s mortgage portfolios, including arrears data, for December 2013 are made on pages 71 to 119 of AIB s 2013 Annual Financial Report, published on 5 March 2014.
Permanent TSB
PTSB for the year to end May 2014 has charged off/written off circa €55m of Home Loan Mortgage Debt representing 349 cases. In addition, it has entered into insolvency and voluntary disposal arrangements with customers that will result in debt write-off of a further circa €0.5m (4 cases) subject to customers meeting the terms of these agreements.Separately in relation to Bank of Ireland I would draw your attention to the disclosures on its Irish mortgage portfolios, including mortgage arrears, in its Annual Financial Report on pages 381-398, while there is additional asset quality data on pages 79 to 98 which is relevant. The document is available on the bank's website.
