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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