PTSB under fire for refusing to appear before Oireachtas committee

Lender is criticised after turning down request to answer questions on loan sale

PTSB has been criticised for turning down a request to appear before the Oireachtas finance committee to answer questions about its plans to sell €3.7bn in mortgages to vulture funds. File photograph: Alan Betson/The Irish Times

PTSB has been criticised for turning down a request to appear before the Oireachtas finance committee to answer questions about its plans to sell €3.7bn in mortgages to vulture funds. File photograph: Alan Betson/The Irish Times

Permanent TSB (PTSB) has been criticised for turning down a request to appear before the Oireachtas finance committee on Tuesday to answer questions about its plans to sell €3.7 billion in mortgages to vulture funds.

The bank wrote to the committee saying it could not appear because it was in a “closed period”, which means that it is barred by stock exchange rules from discussing its finances in the run-up to publishing its 2017 accounts next month.

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