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. Jeremy Masding:

We have no choice insofar as they are defined as non-performing mortgages. As we have to take an action to reduce our non-performing mortgage ratio, we are taking that pool of assets and looking for the best outcome for all the stakeholders. In this case, the best outcome was Glenbeigh.

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