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

Photo of Michael FitzmauriceMichael Fitzmaurice (Roscommon-Galway, Independent) | Oireachtas source

I would like to put a quick question to Mr. Masding. The figure for called non-performing loans for Permanent TSB is down at 10% . Can Mr. Masding explain this to me? There is talk that pressure is coming from the European Central Bank and from the Central Bank. Has the Permanent TSB been put under pressure to get rid of non-performing loans? It seems from the figures I am looking at that Permanent TSB was at 16%. Now the figure is 6,000. Is Permanent TSB looking at another 5,000 to bring it down to 5%? Who is putting Permanent TSB under pressure to bring that figure down?

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