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
11:10 am
Ciarán Lynch (Cork South Central, Labour) | Oireachtas source
Permanent TSB has €3 billion of performing tracker mortgages. The suggestion has been made that if it were to flip those people over to standard variable rates and gave them a 20% reduction on their capital, it would make a saving of €2.4 billion, which would represent a significant yield for the bank if it were to do that.
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