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
Mr. Mark Bourke:
Although there is a lot of information in the press, and a huge dispersion of potential numbers, any portfolio sale that we might consider changes over time. Where we have undertaken a portfolio sale in the past, we started at one level of about €500 million and the final portfolio sale was about €200 million. The reason for that was that we managed to get individual restructurings concluded and engagement from clients who were originally part of what was finally a portfolio sale. The fact that detail appears to be very precise in the media is not something that should lead the Deputy to conclude as he has.
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