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:

I do, yes. I would like to reply to two observations the Senator made. Both he and Deputy Michael McGrath speculated about the price of the sale. It is commercially sensitive for us to throw any numbers out, but I have not read any analyst report on PTSB that gives guidance to investors that the bank will make what the Senator refers to as a profit on this sale.

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