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
Rose Conway Walsh (Sinn Fein) | Oireachtas source
Yes, but obviously I have it explicitly here in a document from the European Central Bank to our MEP, Mr. Matt Carthy, as to how a non-performing loan can be turned into a performing one. If someone goes into the bank today with arrears that are owed, does the bank accept those arrears?
If they continue to pay the interest and the original loan over a 12-month period, they will automatically come out of the non-performing category. Is that correct?
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