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

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

How does one do that? If the bank is looking to sell loans worth €2.1 billion to a vulture fund, how can it look to reduce the value of non-performing loans by a further €1.5 billion in six months without selling the loans to a vulture fund?

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