Dáil Éireann Debate, Thursday - 29 June 2017
91. Deputy Michael McGrath asked the Minister for Finance the number of exceptions to the Central Bank's loan to income and loan to value mortgage rules by each of the State supported financial institutions in 2016 and 2017; the average loan to value and loan to income ratios for these exceptions from each institution; the policies each institution has relating to the granting of exemptions; and if he will make a statement on the matter. [30690/17]
View answerThe information requested by the Deputy is not held in the Department of Finance. Officials in the Department have referred the information request to the banks and have received the following feedback:
AIB:
“AIB is fully compliant with the Loan-to-Value (LTV) and Loan-to-Income (LTI) limits set by the Central Bank of Ireland. All applications are subject to normal lending criteria, credit assessment and based on eligibility criteria.
“All disclosures in relation to AIB’s mortgage portfolios are contained in pages 50 – 170 of the Risk Management section of the Bank’s 2016 Annual Financial Report.”
PTSB:
"The PTSB Group had €525m of new mortgage lending in 2016, all required disclosures related to Permanent TSB’s mortgage portfolio can be found in our Annual Report for year end 31 December 2016.
"2017 Performance of New Mortgage Lending will be disclosed as part of our half yearly and annual reports."
