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 Kieran O'DonnellKieran O'Donnell (Fine Gael) | Oireachtas source

This means Permanent TSB is coming very late to the table. Reading the statement submitted by AIB, which we will discuss in detail with its representatives later, it appears the bank interpreted the rules in such a way that it deemed split loans to be performing and made that case to the SSM. AIB interpreted the rules in a certain manner. Did Permanent TSB make the same case as AIB on split loans?

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