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:

We do not know. We do not have an anticipated return. For accounting purposes, we are required to value that interest on an annual basis. The valuation is based on the price we received last Thursday. We will adjudge that at each year end but we have no view on it going up or down. It is a requirement that we hold that 5%.

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