Finance Minister says AIB will...


Finance Minister says AIB will have to explain approach in dealing with redundant loans

RedFM News
RedFM News

11:17 22 Feb 2023

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The Finance Minister says he expects AIB to be consistent in how it treats all of its borrowers.

The bank will be asked to appear before an Oireachtas Finance Committee to address why DJ Carey's €9.5 million  debt was reportedly written down to €60,000.

New reports also suggest AIB has seized and repossessed a number of golf properties once owned by the former Kilkenny hurler, raising €1.8 million  towards his debt.

Minister Michael McGrath says AIB will have to explain its approach in dealing with redundant loans.

"They will engage on the valid questions not, at the level of the individual customer, but about their practices and their policies and how they approach different situations where somebody is heavily indebted, has a limited number of assets. - ow do they work that through and how can they demonstrate and prove that they are consistent in the treatment of all borrowers because for me that is the fundamental principle at stake here."

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