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 have pursued a wide range of options since 2012. We have used short-term treatments and long-term treatments; we are desperately keen to get mortgage-to-rent to scale as quickly as we can; we have used assisted voluntary sale. The point I am making is that we are running out of options and an option we must now consider now is loan sales.

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