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

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9:30 am

Mr. Shane O'Sullivan:

Not exactly. The two are mutually exclusive. The sum of €5.3 billion is associated with just over 30,000 loans, including mortgages, personal loans, etc. Therefore, there will large numbers of very small balances in the 30,000 odd loans amounting to the sum of €5.3 billion.

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