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: RollingNews.ie

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.

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

As the online debate on trans issues remains heated, those affected by them in the real world are calling for more support, space and understanding. But are their voices being heard?

Colin Murphy | 1 week ago

The former NTMA head says he is ‘quite alarmed’ at the potential for legal actions over the large number of deaths in nursing homes during the crisis

Michael Brennan | 1 month ago

Oil storage in the self-styled ‘Pipeline Crossroads of the World’ is full to the brim, but the black stuff keeps on coming. With much of the world’s economy in a Covid-19 slowdown, at one point last week, benchmark US crude oil was priced at minus $37.63 a barrel

Barry J Whyte | 2 months ago