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
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
The answer is it has none. Anyway, we will do our job as legislators and the bank will do its job. We will work that through. Permanent TSB told us last September that it had entered into 6,279 split mortgages in respect of private dwelling houses, PDH, that is, family homes. A total of 4,300 of them are now in Project Glas. What is the status of the other 2,000 family home split mortgage arrangements that have been entered into? Why are they not deemed to be non-performing and in this basket as well?
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