Meeting with KBC management was cordial and effective – Mattie McGrath

Independent TD Mattie McGrath has described his meeting with senior KBC officials as a positive first step in addressing some of the immediate challenges in mortgage distress resolution. Deputy McGrath was speaking after he met with the officials alongside fellow Independent colleagues, Carol Nolan and Michael Collins and the spokesperson for the New Land League and Friends of Banking Ireland, Jerry Beades:

 

“We want to commend the attitude displayed by KBC bank on this occasion. We gave them the unvarnished reality of what the ordinary person experiences when they find themselves having to engage with the debt resolution process.

Meeting with KBC management was cordial and effective - Mattie McGrath

There was a clear recognition of the significant gaps between the theory of good practice and how that is actually delivered in individual cases.

 

We also stressed how absolutely vital it is that customers are properly informed of cost reduction measures that may be available, with respect to valuations and loan-to-value rations for example.

 

We will be meeting again within the month and we expect further progress on all the issues we raised today and for the good faith on both sides to continue,” concluded Deputy McGrath.

 

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