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 Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

If we take the blended or composite figure, apply what has been reported as PTSB's provisioning for buy-to-lets and principal dwelling homes, PDHs, to the mix of Project Glas, we arrive at a figure of approximately €1.8 billion, or 48% or so.

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