Increase in BoI mortgage arrears

Almost 2,000 mortgage customers of Bank of Ireland are estimated to be more than 12 months behind on their loans, based on figures provided by the bank, writes David Clerkin.

7th November, 2009

The bank, which announced underlying losses of almost €1 billion last week, said that just under 1 per cent of its Irish mortgage book was in arrears by more than 12 months at the end of September - almost four times the level a year earlier.

The bank has 196,000 mortgage customers in Ireland. Those in arrears by 12 months or more account for loans totalling €263 million.

The bank also disclosed that a further 1 per cent of...

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