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
I will ask a final question on this matter. The bank met the Minister on 26 February. The previous week, the media was dominated by the potential sale of Project Glas to vulture funds. Was that issue raised at the meeting with the Minister? Did he give the bank an indication of his views on the matter? Given the agreement between the financial institutions and the Department, Permanent TSB must consult the Minister. When does it intend to do so?
The witnesses are well aware that the majority in the Irish Parliament opposes what their bank is doing, that being, selling the loans of Irish citizens - customers of the bank - to the vulture funds. Does Permanent TSB have a view on the democratic will of the Irish people, given that it is a State-owned bank?
I have asked a number of questions, the first of which related to the meeting with the Minister on 26 February.
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