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

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9:30 am

Mr. Jeremy Masding:

To put it in very simply maths, we have a net book value after provisions. If someone bids me above the net book value, it is a profit and if someone bids me below the net book value, it is a loss.

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