Mortgage Book Sales

Dáil Éireann Debate, Tuesday - 24 July 2018

Tuesday, 24 July 2018

Ceisteanna (218)

Robert Troy

Ceist:

218. Deputy Robert Troy asked the Minister for Finance if during a recent appearance before the Oireachtas Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach a bank (details supplied) confirmed that family homes would not be included in the proposed mortgage portfolio sale; if so, the actions he or the committee has taken to confirm that this will be the case; if the committee has powers to demand an explanation or confirmation from the bank regarding this statement; and if he will make a statement on the matter. [33353/18]

Freagraí scríofa

Minister for Finance

I am not aware of Permanent TSB confirming at its recent appearance before the Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach that family homes would not be included in the bank's proposed mortgage portfolio sale - Project Glas. The bank CEO did, however, confirm in his opening statement that loans restructured by way of a split mortgage solution had been removed from the sale and perhaps this is what the Deputy is referring to.

In relation to its powers in general, the Committee is entitled to request an explanation or confirmation from any of the banks on any matter and I would expect such a request to be dealt with to the satisfaction of the Committee.