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:

We would consider all options. As Mr. Crowley and Mr. O'Sullivan stated, our guiding principle is to clean up the bank and get it to a place where it can continue to compete, but we can only do that with a much lower NPL ratio. To repeat Mr. Crowley's comments, we are in the early stage of Project Glas. We would consider all options.

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