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. Cormac Ryan:

There is no set form of mechanism for it to require us to hit any target. To clarify, our role in the portfolio is to hold legal title on the portfolio and to make day-to-day decisions on the portfolio. A total of 98% of the arrangements in the portfolio are performing. The prospectus is quite clear in terms of the cashflow. We collect the cash and we return that to the owner.

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