Dáil Éireann Debate, Thursday - 26 February 2015
63. Deputy Michael McGrath asked the Minister for Finance if he will provide an outline of Permanent TSB's plans to sell non-performing mortgages; the number, and book value, of mortgages for sale; the current position, with regard to the proposed sale; and if he will make a statement on the matter. [8632/15]
View answerI have been informed by Permanent TSB that its Non-Core business is comprised mainly of a loan book of performing and non-performing Commercial Real Estate loans and the business of Capital Home Loans (CHL) in the UK which will be sold or wound down over time.
Permanent TSB has separately advised me that it is not currently in a sales process in respect of the sale of 5,000 non-performing mortgages as speculated in one newspaper recently.
