Dáil Éireann Debate, Tuesday - 24 March 2015
280. Deputy Michael McGrath asked the Minister for Finance the number of the 11,424 proceedings issued in aggregate in 2014 for the repossession of principal dwelling houses by Permanent TSB, Allied Irish Banks, Educational Building Society, the Irish Bank Resolution Corporation and all other credit institutions; and if he will make a statement on the matter. [11902/15]
View answerWhile the Courts Service operates as an independent corporate organisation, primary responsibility for reporting on matters before the Courts, including home repossession cases, lies with the Department of Justice and Equality. I have been informed by the Courts Service that the actual number of new cases initiated for repossession of land and/or premises in the period Jan-Dec 2014 is 8,164. It is worth noting also that it is not the case that all Civil Bills for Possession issued will inevitably lead to Possession Bills being granted by the Courts, as many cases will be withdrawn at the request of either the lender or the borrower.
The Central Bank publish a quarterly Residential Mortgage Arrears and Repossessions statistical release which provides some information about home repossessions at an aggregate level only, and consequently no institutional level breakdown is available. The last release, published on 6th March 2015, was for end-Q4 2014 and is available here:
http://www.centralbank.ie/polstats/stats/mortgagearrears/Pages/releases.aspx.
I am informed by the Central Bank that it is precluded for confidentiality reasons from publishing data which identifies individual institutions.
