2 Sep 2013, 13:00
The Oireachtas Committee on Finance, Public Expenditure and Reform will meet AIB chief executive David Duffy tomorrow, Tuesday, 3rd September 2013 as part of the committee’s focus on Ireland’s financial services sector and activities within the four main lenders.
Sustainable, long-term solutions to the mortgage crisis and measures to ease the burden on struggling homeowners and distressed borrowers will come under the spotlight when the chief executives of AIB, Bank of Ireland, Ulster Bank and Permanent TSB come before the Joint Committee this week.
Committee Chairman Ciarán Lynch said: “Tomorrow we will kick off our banking module when AIB chief executive David Duffy will come before the Committee. A key focus for Committee members will be finding sustainable, long-term solutions to the mortgage crisis and measures to ease the burden on struggling homeowners and distressed borrowers. When the banks were last before us, there were no specific targets in place to provide solutions for homeowners in arrears. Those targets are now in place and, more specifically, we will consider how AIB is meeting its targets and ensuring that there is a consistency of approach in dealing with distressed borrowers. It will also be an opportunity for committee members to get an update from AIB on its general lending policy, in particular commercial lending policy to SMEs and small firms and interest rates on non-secured lending such as term loans, overdrafts and credit cards.”
This meeting will take place at 2pm on Tuesday, 3rd September 2013 in Committee Room 3, Leinster House 2000.
Committee proceedings can be followed live here.
Media Enquiries to:
Ciaran Brennan,
Houses of the Oireachtas,
Communications Unit,
Leinster House,
Dublin 2
P: +3531 618 3903
M: 086-0496518
F: +3531 618 4551
Note for Editors
Committee Membership
Deputies
Richard Boyd-Barrett, People Before Profit
Michael Creed, Fine Gael
Pearse Doherty, Sinn Fein
Regina Doherty, Fine Gael
Stephen Donnelly, Independent
Timmy Dooley, Fianna Fáil
Alan Farrell, Fine Gael
Sean Fleming, Fianna Fáil
Simon Harris, Fine Gael
Joe Higgins, Socialist Party
Heather Humphreys, Fine Gael
Kevin Humphreys, Labour Party
Mary Lou McDonald, Sinn Fein
Ciarán Lynch, Labour Party (Chairman)
Michael McGrath, Fianna Fáil
Dara Murphy, Fine Gael
Kieran O’Donnell, Fine Gael
Aodhán O Ríordáin, Labour
Arthur Spring, Labour Party
Brian Stanley, Sinn Féin
Liam Twomey, Fine Gael
Senators
Sean D Barrett
Thomas Byrne
Paul Coghlan
Michael D’Arcy
Aideen Hayden
Tom Sheahan