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

Photo of Paul MurphyPaul Murphy (Dublin South West, Solidarity) | Oireachtas source

I am not without criticism of Permanent TSB dealing with buy-to-lets but the evidence is that the treatment of tenants by the vulture funds will be a lot worse. That is demonstrated by what has already taken place. The witnesses should feel free to respond to that. I will ask another question. On the one hand, the witnesses have said that it is early days for Project Glas and so the process of consultation with the Minister and so on has not taken place. On the other hand, in response to Deputy Pearse Doherty's questions about what would happen if Permanent TSB did not find a buyer, they were quite quick to say that there is definite interest in the sale. What is the timeframe for the sale of Project Glas? Where in that timeframe would the process of consultation with the Minister take place?

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