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Seanad: Sale of Permanent TSB Loan Book: Statements (22 Feb 2018)

Maire Devine: ...pretty sensitive about that. That is tough. Pity on them - if the cap fits they should wear it. Recently, they have bought up hundreds of millions of euro of distressed assets from the banks and NAMA at heavy discounts. They have no interest in developing relationships with borrowers. They are only interested in seeing a quick return. This is a result of the lack of regulation in the...

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