Oireachtas Joint and Select Committees

Thursday, 14 June 2018

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Matters Relating to the Banking Sector: Permanent TSB

9:30 am

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

Cuirim fáilte roimh na finnéithe chuig an gcoiste. I want to pick up on that point. I had extensive engagement with Mr. Masding on this issue the last time he was before the committee. I could not, for the life of me, understand then how Permanent TSB had structured its split mortgages in such a way, as Mr. Masding stated very clearly to this committee, that under the ECB rules they would be defined as non-performing unless they returned to the original contract. Will he clarify that statement?

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