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AUDIO: AIB Chief says his bank will write down debts

AIB Chief Executive David Duffy says his bank will increase its mortgage write-offs in the coming...
Newstalk
Newstalk

12.06 6 Sep 2013


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AUDIO: AIB Chief says his bank...

AUDIO: AIB Chief says his bank will write down debts

Newstalk
Newstalk

12.06 6 Sep 2013


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AIB Chief Executive David Duffy says his bank will increase its mortgage write-offs in the coming months. 

The bank had been criticised after its appearance before the Oireachtas Finance Commitee this week - in which it suggested that sending 'legal letters' to mortgage-holders in arrears counted as a 'long-term solution'.

He added that he doesn't believe AIB will need extra capital from the government after the next round of stress-tests.

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And speaking on the Pat Kenny Show on Newstalk, David Duffy said the bank was prepared to increase its write-offs in the coming months:


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