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 Kieran O'DonnellKieran O'Donnell (Fine Gael) | Oireachtas source

We are here to talk about portfolio sales to vulture funds. We need to get some indication as to when AIB will make a decision around this area. We accept at face value that the bank said it will work with the holders of loans. Is it imminent? Is it by the end of 2018 or by the end of 2019? There are mixed messages coming out. Side-by-side with these messages, there is a report saying AIB is looking to put bonuses in place for 80 or 100 of top management. The public will deem it to be elitism and a return to previous times, which they had thought had gone. We need to be given some indication as to when AIB will make a decision on the sale of portfolios.

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