Oireachtas Joint and Select Committees
Wednesday, 19 December 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB
4:10 pm
Mr. Ray MacSharry:
I am sure some of them are in negative equity. We are giving the answers to the questions we are asked.
I wanted to put on record that we are not just dealing with arrears, sad and all as they are and the pain they are causing. It is correct to state that 80% of loans are performing, some of which are on properties in negative equity.