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:
Broadly speaking, if they are short-term treatments, by definition, we work hard with customers to get them out of non-performing status into performing - let us call that 12 to 24 months. Long-term treatments, I am sorry to repeat myself, can only come out of NPLs if they return to their original contract, being full capital and interest, or they are removed from the bank's balance sheet.
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