Wednesday, 2 July 2014

Questions (55)

Pearse Doherty

Question:

55. Deputy Pearse Doherty asked the Minister for Finance the nature of the mortgages sold by Bank of Ireland (ICS) to Dilosk Limited that are PDHs or buy to lets. [28564/14]

View answer

Written answers (Question to Finance)

Bank of Ireland made an announcement to the stock exchange in relation to the agreement to sell the ICS distribution platform, together with a mortgage asset pool of €250m, to Dilosk Limited. The full announcement can be found at:

http://www.bankofireland.com/fs/doc/wysiwyg/eu-restructuring-plan-update-26-june-2014.pdf

The additional analysis requested by the Deputy was not included in this announcement and I have been advised by the Bank that it does not intend to disclose further details beyond what has been announced to the Stock Exchange.