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

4:30 pm

Photo of Peter MathewsPeter Mathews (Dublin South, Fine Gael) | Oireachtas source

That is very light when one considers that Certus, which is the workout vehicle for Lloyds Bank, has to date written off €22 billion of the €40 billion at which its loan book peaked. That begs a question about the 80% capital adequacy. What do the witnesses mean by an 80% capital adequacy?

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