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
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
I know we are pushed for time but I would like an answer to an earlier question I asked. If, hypothetically, provisions are made against Project Glas valuing the loans at 48% of book value and the loan book is sold at 40% below value, will the bank make a profit? How does the process work?
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