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. Jeremy Masding:
It might help the committee if I try to explain that the list of treatments read out to me by the Senator's colleague were from the regime we were under with the Central Bank of Ireland where our governing objective was to find as many long-term treatments as possible. Irrespective of whether we did them, all of those treatments would mean that those loans are still NPLs.
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