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

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4:40 pm

Mr. Ray MacSharry:

To answer some of the points that have been raised, as I said, the capital adequacy ratios are 18% and that is on the basis of a 55% drop in house prices in recent years.

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