Oireachtas Joint and Select Committees

Tuesday, 2 April 2019

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion

Mr. Des Carville:

At that stage the private equity owners would attract a higher valuation by selling a performing portfolio rather than a non-performing portfolio. Their business model is based on restructuring the portfolio rather than trying to repossess. That is why the repossession statistics are so low. They typically sell to somebody else who is looking for a long-term yield rather than a short-term asset play, that is, a quick flip.

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