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): Allied Irish Banks

9:30 am

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

I want to get back to the issue. I thought that was a start off, easy question. I thought we would start with the easy ones. Is it the position of the bank today to not inform the committee that there is a loan sale, and will the bank not confirm if the beginning of a loan sale is under way? When the committee asks the witnesses about information that is repeatedly in the media that a loan sale that is valued is under way, will the witnesses not confirm that there is even a loan sale under way and that bidders have been looking at it? Are the witnesses not going to confirm anything in relation to that?

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