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. Stephen Groarke:

In the case of a term extension, which is what the Deputy is referring to, we are able to represent to the Single Supervisory Mechanism, SSM, that the customer's obligation has not been diminished, so he or she will still pay full interest on the loan over its life and it will be able to get back to performing. It is where we have a restructure-----

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