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
Paddy Burke (Fine Gael) | Oireachtas source
That is the case in all voluntary surrenders.
According to the AIB opening statement, the ECB published guidance for banks on NPLs in March 2017. The policy started 12 months ago. When does the final day come? I am sure the policy has stated that banks have a certain period of time to have a plan in place. When does D-day arrive at which AIB has to have everything sold or have these plans in place with loan portfolios sold or whatever? How many years has AIB been given or how does it work?
No comments