Skip to main content
Normal View

Mortgage Repayments

Dáil Éireann Debate, Thursday - 12 June 2014

Thursday, 12 June 2014

Questions (71)

Michael McGrath

Question:

71. Deputy Michael McGrath asked the Minister for Finance as a shareholder in the bank, if his attention has been drawn to the fact that Bank of Ireland in certain cases is not charging interest on the warehoused portion of some small and medium enterprise debt while insisting that interest be paid by all mortgage holders on the warehoused portion of their split mortgage; his views on this issue; and if he will make a statement on the matter. [25114/14]

View answer

Written answers

As specified in the relationship framework agreement between my Department and Bank of Ireland, it is the Board of the Bank who make decisions regarding day to day operational issues of the Bank.  I have no role in the day-to-day commercial and operational decisions of the bank, which include this matter. Such decisions are taken by the board and management of the institution. I am conscious that this b ank, like other licenced banks, is required as a condition of its licence from the Central Bank of Ireland to conform to codes of conduct on the treatment of small businesses with repayment difficulties and of customers with mortgage arrears and that performance against these codes is monitored by the Central Bank of Ireland.

Top
Share