AIB faces Oireachtas finance committee over debt writedown deals 

AIB head of retail Jim O’Keeffe will tell the Oireachtas finance committee that around 150,000 customers have been supported by deals with the Financial Solutions Group, but only a small portion of those received near-total debt forgiveness.

Just over 1% of AIB customers who received debt writedowns got 90% of the money they owed written off, the bank will tell an Oireachtas committee on Thursday.

The bank's appearance at the Oireachtas finance committee comes in the wake of the agreement reached with former Kilkenny hurler DJ Carey. It is estimated that Mr Carey’s €9.5m debt was written down by about 80% when the sale of golf resort properties and a €60,000 settlement are taken into account.