ptsb and AIB before the Oireachtas next week to discuss vulture funds sale

[Brendan Burgess]

09.30Finance, Public Expenditure and Reform, and Taoiseach (Joint) CR2 LH 2000
Proposed sale of non-performing loans to private investment funds (Vulture Funds)
Session A: 9.30 a.m. – Permanent TSB [Mr. Jeremy Masding, Chief Executive Officer]
Session B: 11.30 a.m. – Allied Irish Banks [Mr. Bernard Byrne, Chief Executive Officer]

 

[Brendan Burgess]

Anyone who wants to watch this can do so here:

http://www.oireachtas.ie/parliament/watchlisten/watchlive/committeeroom2/

Brendan

 

[Brendan Burgess]

Interesting data

Progress on arrears management

Early arrears 4.8% in 2013 to 2.9% last year.

>90 15.1% in 2013 to 7.6% in 2017

13,800 home loans – cured and performing fully

10,200 are treated

10,400 untreated and non-performing

4,900 did not meet terms of a treatment agreed

1700 refused the treatment offered

1100 no sustainable treatment available

2700 no engagement



Average arrears: € 30,000 and 3 years

30% (?) paid nothing at all in 2017 Not sure of this figure.