Dáil Éireann Debate, Tuesday - 8 September 2020
275. Deputy Colm Burke asked the Minister for Finance if his attention has been drawn to the fact that a bank (details supplied) is selling a portfolio of distressed mortgages on family homes to a vulture fund between the end of July and mid-September 2020; and if he will make a statement on the matter. [21146/20]
Amharc ar fhreagraAs the Deputy is aware I as Minister for Finance have no role in the day to day commercial activities of any bank operating in the State.
My officials have received the following statement from AIB:
"AIB has no plans to sell a loan portfolio as described above. AIB has reduced non-performing exposures from €31bn to €3.8bn, primarily by working with customers to implement sustainable long-term solutions. We remain focused on helping customers through this difficult period, while also managing non-performing loans levels to a normalised level."
