Oireachtas Joint and Select Committees
Wednesday, 19 December 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB
3:50 pm
Mr. Ray MacSharry:
That does not arise. Our capital adequacy arrangement at the moment is 18%, which is very high. We are probably the best capitalised bank in the country. That is to take care of the problems of arrears.
We did sell Irish Life and Permanent, so taxpayers will hopefully get that back. It would be lovely if they got a little bit of profit.
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