Oireachtas Joint and Select Committees

Thursday, 22 March 2018

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB

9:30 am

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Is Mr. Groarke telling me that under the current definition, even where the terms are being fully honoured, there is no prospect of any split mortgage arrangement coming out of the definition of non-performing loan and that they will continue to be recognised as non-performing throughout the full term of the split mortgage agreement?

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