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
We went down to the level of €100,000 for senior debt and €100,000 for junior debt. The ECB stated that if a loan of €100,000 was functioning, it was not interested in the period of the loan. As long as the person was in his or her 30s, the term of the loan could be 25 or 30 years. As long as the loan in the senior category was deemed to be functioning, the ECB would make provision for the junior debt. Is Mr. Masding saying Permanent TSB cannot afford that level of restructuring?
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