Oireachtas Joint and Select Committees
Thursday, 5 September 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Overview of Financial Sector: Discussion with Permanent TSB
10:40 am
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
Mr. Masding might explain what the non-core business aspect will deal with. On Permanent TSB's welcome initiative with current accounts whereby consumers will essentially not incur fees if they transfer to the bank, what is the strategy? The bank is getting in customers through their current account business. Is it the hope Permanent TSB will develop a mortgage business from these customers? How will the bank make money from this?
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