Oireachtas Joint and Select Committees

Thursday, 6 December 2018

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Sale of Permanent TSB Mortgage Loans: Discussion

2:00 pm

Mr. Eamonn Crowley:

I will answer the first and third questions to which Mr. Masding referred. The first relates to the price paid. The nominal value of the loans included in the portfolio is €1.3 billion and the price paid is in the region of €900 million, which represents a discount in the portfolio. The portfolio is made up primarily of two types of long-term arrangement, namely, split exposures and part-capital and interest exposures. There is no separate price for either. It was one price for the entire portfolio.

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