Huge differences in impaired loans for BoI, AIB and ptsb

[Brendan Burgess]

From Davy's research

8% of Bank of Ireland's owner occupied loans are impaired compared to 25% for ptsb.

That is astonishing.

We have seen that reflected in the repossession courts. Very few BoI cases and lots from ptsb and AIB.

Brendan

 

[tvman]

interesting stat

 

[Delboy]

1 is owned by the State and the other is in private hands

 

[jim]

So what does that stat tell us? Is it that PTSB were more reckless with their lending?

Or could it mean PTSB are more prudent in their impairment provisioning or a mix perhaps?

 

[Brendan Burgess]

Hi Jim

The figures refer to mortgages more than 90 days in arrears. There might be a very small element where they classify a loan which is not 90 days in arrears as impaired, but it would not be significant.

Brendan