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. Eamonn Crowley:

There is not really an average. It is such a large portfolio. It is already in the public domain that we have consulted with the Minister with regard to the portfolio. We were not seeking his consent but, in effect, bringing him up to speed with regard to where it is. We are putting a lot of information into the public domain today regarding the performance of that portfolio to help this engagement. It really depends. There is no fixed time and there is no average.

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