John McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

To be honest, the banks define a non-performing loan as they wish. Before selling loans to vulture funds, the banks often restructure them. The clients feel comfortable with this but they overlook the fact that the structure or restructure is only for a three-month or six-month period, which leaves it open to the vulture fund in question to review their loans three or six months after completion of the sale. The clients can then find themselves in a very uncomfortable position.