Oireachtas Joint and Select Committees
Tuesday, 22 November 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Sector in Ireland: Permanent TSB
2:00 pm
Mr. Shane O'Sullivan:
Not at a principle level, but we have an obligation to ensure that we achieve the highest amount or market value of the properties. That is our obligation to the borrower. To the extent that there is an excess due over and above that amount, the full amount is still owed by the borrower. Our obligation is to maximise the value of those properties. That is why we have appointed a new national asset sale manager.
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