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. Shane O'Sullivan:

The slide that was passed around this morning divides the potential loan sale into a number of cohorts. The untreated bloc, that is, the €1.9 billion, essentially comprises customers who have not engaged or have engaged but have failed treatments. That represents approximately 13,000 accounts and 10,000 properties. I cannot say here what proportion of those have not engaged for more than seven years. I will give the Deputy a flavour of-----

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