Brendan Burgess
Founder
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Interesting data from ptsb today
10,400 untreated and non-performing
4,900 did not meet terms of treatment
1,700 refused the treatment
1,100 no sustainable treatment available
2,700 no engagement - average arrears 5 years, €50k average arrears.
So how many of these should be repossessed by fast track.
Definitely, the 2,700
Maybe half the rest?
That's 6,500 in ptsb alone.
They have about 15% of the market, but their arrears management is worse
10,400 untreated and non-performing
4,900 did not meet terms of treatment
1,700 refused the treatment
1,100 no sustainable treatment available
2,700 no engagement - average arrears 5 years, €50k average arrears.
So how many of these should be repossessed by fast track.
Definitely, the 2,700
Maybe half the rest?
That's 6,500 in ptsb alone.
They have about 15% of the market, but their arrears management is worse