Thursday July 2, 2020

AIB home wrote off more than €600 million in home mortgages last year

Figure is a third higher than in 2014

4th March, 2016
Write offs: AIB Pic:

AIB wrote off €604.3 million of residential mortgage loans last year – up 35 per cent on 2014.

The figures, contained in the bank's annual report, shows the bailed out institution is now taking a long term view of its customers.

The data also reveals it wrote off a further €214 million in other personal loans in the same period, down from €385 million on the 12 months before.

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