Dáil Éireann Debate, Wednesday - 22 June 2016
105. Deputy Pearse Doherty asked the Minister for Finance if he believes that the Registration of Titles Act was respected during the transfer of mortgage books related to the merger of banks (details supplied) and in cases where a bank left the Irish market; and if he will make a statement on the matter. [17419/16]
View answerI am advised that the Registration of Titles Act was not relevant in the case of the acquisition of EBS by AIB. EBS was transferred to AIB pursuant to an acquisition conversion scheme under the Building Societies Act and is a whole-owned subsidiary of AIB. The bank has confirmed to me that there was no transfer of mortgage books between EBS and AIB as a result of that transaction.
In relation to the transactions involving third party Institutions that have left the Irish market I do not have any information to suggest that proper procedures were not respected in the transfer of those mortgage books however as these transactions are between parties not connected with the State I do not have access to the information requested.
