Tuesday, 5 February 2019

Ceisteanna (169)

Pearse Doherty

Ceist:

169. Deputy Pearse Doherty asked the Minister for Finance the number of mortgage loans, that is, private dwelling homes and buy-to-let, respectively within each sale (details supplied) that were in arrears of at least one day, in arrears of over 90 days and in arrears of 720 days or over; and if he will make a statement on the matter. [5507/19]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Finance)

PTSB has confirmed the following in relation to Project Glas and Project Glenbeigh:

"Permanent TSB (the “Bank”) announced details of Projects Glas and Glenbeigh in July and November 2018 respectively.

"The Bank confirmed that the average arrears time of loans in the Glas Portfolio was 3.5 years. The Bank further confirmed that all of the loans in Glenbeigh Portfolio were meeting the terms of agreed restructuring arrangements.

The Bank did not publish or make publically available further information on the arrears profile of the aforementioned portfolios as this was, and is, considered commercially sensitive information."

In relation to Ulster Bank's Project Scariff, as the bank is an independent commercial company, I can confirm that the information requested by the Deputy is not held in the Department of Finance.