Dáil Éireann Debate, Tuesday - 11 April 2017
161. Deputy Catherine Connolly asked the Minister for Finance the amount paid by a bank (details supplied) to a company for each of the years 2012 to 2016; and if he will make a statement on the matter. [18310/17]
Amharc ar fhreagra162. Deputy Catherine Connolly asked the Minister for Finance the number of loans and the value of those loans transferred by a bank (details supplied) for collection to a company for each of the years 2012 to 2016; and if he will make a statement on the matter. [18311/17]
Amharc ar fhreagra163. Deputy Catherine Connolly asked the Minister for Finance the number of student loans and the value of these student loans transferred for debt collection by a bank (details supplied) to a company for each of the years 2012 to 2016; and if he will make a statement on the matter. [18312/17]
Amharc ar fhreagraI propose to take Questions Nos. 161 to 163, inclusive, together.
I responded to written questions from the deputy on this topic, questions 119 and 120 on Wednesday 2nd March 2017, to which AIB offered the following clarification:
"AIB has not sold or transferred the ownership of student loans to any third parties. AIB engages with third parties to support the recovery and restructure of the debt where required."
The bank have also have provided the following response to the Deputy's additional queries:
"For commercial reasons AIB does not disclose the level of detail sought. However, the Bank can confirm that it uses a number of third parties in the activity of debt recovery across a number of products and portfolios. The cost of this activity is borne by the Bank and has no customer impact."
As the Deputy will be aware, under the relationship framework the State does not have a role in the day-to-day operations of the banks in which it holds investments or in their management decisions regarding commercial matters.
