Banking Sector Regulation

Wednesday, 2 July 2014

Questions (62)

Stephen Donnelly

Question:

62. Deputy Stephen S. Donnelly asked the Minister for Finance further to the sale by Bank of Ireland of its ICS Building Society loanbook to Dilosk Limited, if he will, as a substantial shareholder in Bank of Ireland, confirm the undertakings that have been provided by the buyer to adhere to the Central Bank of Ireland's code of conduct on dealing with mortgage arrears; and if he will make a statement on the matter. [28618/14]

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Written answers

Minister for Finance

I can confirm for the Deputy that, as per its web site, Dilosk Limited has indicated that it has applied for authorisation from the Central Bank of Ireland to act as a retail credit firm. In addition to this, the company has stated that it intends to comply with all the relevant regulatory codes applicable to mortgage lending in Ireland including the Code of Conduct on Mortgage Arrears.