Oireachtas Joint and Select Committees

Thursday, 11 October 2018

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

Sale of Property Loans (Project Glas) By Permanent TSB: Discussion

11:30 am

Mr. Eamonn Crowley:

We have been receiving information from customers since the announcement of the sale. We are looking at all that information and all our communication staff are communicating with customers as well. As mentioned by Mr. Masding, the cut-off date was 31 March. That is the perimeter within which we work. If a customer classification error is found that is not an NPL classification, we will deal with that accordingly. Indeed that is part of the communication process with the customer. That is more of a technical reconciliation which takes place up until 31 July. Other than that, it is a normal part of the final closure of any transaction.

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