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:

It is at a stage where investors are invited to express interest in the portfolio. They carry out some very high level due diligence on the portfolio and they put forward their credentials regarding their ability to manage the portfolio post-sale. On that basis, a selection process would happen at some stage in the future.

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