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
Kieran O'Donnell (Fine Gael) | Oireachtas source
Is there a point at which Permanent TSB will not go for restructuring? Let me take the example of a €200,000 mortgage. Is it the case that the bank will not go for restructuring below a figure of €100,000, half of the amount being deemed to be functioning on the basis that the 100% provision the bank needs on the balance sheet for junior debt is not sustainable for it?
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