Thursday September 24, 2020

Mortgage market has flat-lined says AIB chief

AIB chief executive David Duffy has claimed that the Irish mortgage market has “flat-lined”.

4th June, 2014
AIB's David Duffy.

AIB chief executive David Duffy has claimed that the Irish mortgage market has “flat-lined”.

Speaking at an event in Dublin, Duffy said that the bank has €500 million in its mortgage pipeline and that it could lend as much as €1 billion for Irish residential development between 2014 and 2016.

Duffy said that he sees “huge deleveraging” continuing in Ireland but that nothing in the EU mandated stress tests is likely to cause AIB concern,...

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