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

Has that been made crystal clear to AIB by the regulator? Is Mr. O'Keeffe 100% sure that all AIB's split mortgages and the way in which it has structured them are deemed or can be deemed as performing once they go through that probationary period? We heard from Permanent TSB, and this is not about pitching one bank against the other, and I do not want to do so, but not one of Permanent TSB's affected loans is being deemed or can be deemed as performing. It tells us it has been writing to the regulator since 2017 and has got no response. Is AIB crystal clear this is the case?

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