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
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
Let me make clear it is not okay. I completely disagree with the strategy of the bank in relation to this.
Let me ask, in relation to the 10,200 treated but not cured loans, when will they be cured? What process must they have to go through to be cured? How long will it take for them to be cured? According to the regulator, it is a period of 12 months where they have to be paying interest and capital. Is it a case where we merely need to wait for the 12 months and if they are able to meet the terms of the agreement, they are deemed to be cured?
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