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. Shane O'Sullivan:
Again, I will come back to Mr. Masding's point, which Mr. Crowley confirmed, namely that every loan in the transaction is a non-performing loan. It has a non-performing status but we will continue to listen to anyone who wants to tell us there is an error there. All of the loans, as part of the Glas portfolio, are non-performing.
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