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
Mr. Jeremy Masding:
To go back to my opening remarks, it is clear that based on the information we have today, the only way that a loan can become performing is if it is cured, which means that it returns to its original terms of the contract or it is removed from the balance sheet. At its most simple, they are the boundaries in which we work.
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