BOI boss due before Oireachtas committee

Bank of Ireland will be pressed to follow the lead of AIB and KBC Bank later today by offering long-term solutions to those in mortgage arrears.

CEO Richie Boucher comes before the Oireachtas Finance Committee today as part of its overview of the banking sector.

The Committee will also meet with the heads of the AIB, Permanent TSB and Ulster Bank in the coming weeks in order to establish how the banks are dealing with customers in mortgage arrears.

Committee Chairman Deputy Liam Twomey says they want to make sure that the banks are giving people every opportunity to hold on to their homes.

"First and foremost we want people to go to the banks, and then we want the banks to be realistic about what can be achieved in helping people," Deputy Twomey said.

"There has been a lot of solutions reached, whether it's split mortgages or new terms on the loans.

"What we really want is to make sure that the banks are giving people every opportunity to hold onto the family home."

More on this topic

Thousands will lose their homes, warns campaigner David Hall as Ulster Bank announces mortgages saleThousands will lose their homes, warns campaigner David Hall as Ulster Bank announces mortgages sale

Central Bank data shows slight fall in mortgage arrearsCentral Bank data shows slight fall in mortgage arrears

No Consent, No Sale bill 'should be no-brainer'No Consent, No Sale bill 'should be no-brainer'

SF 'No Consent, No Sale' bill could have 'severe unintended consequences', says Central BankSF 'No Consent, No Sale' bill could have 'severe unintended consequences', says Central Bank

More in this Section

US restaurant management platform to create 120 jobs in DublinUS restaurant management platform to create 120 jobs in Dublin

Former Cork TD on board as UK finance and business advisory services launches in IrelandFormer Cork TD on board as UK finance and business advisory services launches in Ireland

EU probing Amazon over use of retailers’ data to gain edgeEU probing Amazon over use of retailers’ data to gain edge

Banks 'must be controlled', Oireachtas Finance chair saysBanks 'must be controlled', Oireachtas Finance chair says


Lifestyle

Christy Collard and Robin O’Donovan are parents to six children, but sustainability is still a cornerstone of their busy lives in west Cork.The family that composts together stays together

Ron Howard was happy to let the spirit of Luciano Pavarotti shine through in his documentary on the great tenor, writes Laura Harding.Hitting the right note with new Luciano Pavarotti documentary

Prevention is so much better than cure, says Fiann Ó Nualláin, who offers gardeners timely advice on guarding face and body against those potentially damaging ultra-violet rays this season and beyond.Gardening: Be skincare-savvy for summer

It's never been more important to choose flowers and trees according to their environmental needs, says Peter DowdallIn these times of climate change, choose plants to weather all conditions

More From The Irish Examiner