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 Rose Conway WalshRose 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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