Almost 2,000 AIB borrowers got debt write-offs of more than 90%

The lender said that much of the commentary around such debt arrangements has ‘not presented the full picture’

Nearly 2,000 AIB customers got debt write-offs of 90 per cent, or more, after the financial crash, the bank will tell an Oireachtas committee today.

In its opening statement to the Oireachtas finance committee, the lender will say that 1,900 arrangements with write-offs of 90 per cent or more were agreed outside of the normal financial process. The bank will say these deals accounted for just over 1 per cent of the roughly 150,000 customers ...

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