AIB defends debt deals following DJ Carey criticism

However, the report did not take account of the sale of golf resort properties securing the debt at the K Club in Co Kildare and at Mount Juliet in Co Kilkenny in the years after the 2011 judgment and how the sale proceeds went towards the reduction of Mr Carey’s debt to the bank.

In the wake of the report on Mr Carey’s write-down, Government ministers and opposition politicians called for AIB to appear before the Oireachtas finance committee to answer questions on the bank’s debt agreement with the hurling star. “In situations where the legal system is ultimately required to resolve cases, we may seek judgment to allow us dispose of the secured assets and wider assets if appropriate, he said.

Mr O’Keeffe told staff in the circular sent to thousands of AIB staff on Tuesday that the bank may also “take account of third party certification as to a borrower’s income and asset status and may also consider other documentation relating to the borrower’s personal circumstances”.

AIB are a bunch of wank*rs

Govt bails out AIB, other banks and developers, sets up NAMA, then seems surprised that the banks do as they please.

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