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 Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I am asking for an answer on the last question now. I am seeking answers to the more detailed questions, which I presume the witnesses do not have with regard to the PIAs and the ratio in increments of 10% for the split mortgages. I am being fair to the witnesses. There are serious questions for Mr. Masding as the CEO of the bank given that he cannot understand what AIB is doing. We will question the representatives of AIB and we might ask them to send Mr. Masding a note on the issue so he can find out how AIB is able to have its 3,190 split mortgages deemed to have returned to performing status under EBA non-performing definitions. Mr. Masding simply does not have a clue how to do that.

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