Dáil Éireann Debate, Tuesday - 17 May 2022
266. Deputy Ged Nash asked the Minister for Finance the number of tracker mortgages that are held by an organisation (details supplied); the average number of years left per tracker mortgage customer; the average loan amount per tracker mortgage customer; and if he will make a statement on the matter. [24888/22]
View answerAs the Deputy is aware, AIB recently announced that it has entered into exclusive discussions with NatWest Group for the acquisition of circa €6 billion Ulster Bank performing tracker (and linked) mortgages. I welcomed that announcement as, if it leads to a successful outcome, it would provide a significant number of Ulster Bank customers with certainty on the destination of their mortgages.
However, the details and decisions in relation to this potential transaction, including details of the particular loan book, are commercial matters for the respective parties and any potential transaction remains subject to negotiations and agreement as well as obtaining appropriate approvals.
Also, from a regulatory perspective, I have been informed by the Central Bank of Ireland has advised that due to its data confidentiality obligations it does not does not publish data on individual institutions.
