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

11:20 am

Photo of Arthur SpringArthur Spring (Kerry North-West Limerick, Labour) | Oireachtas source

There has been a write-down of approximately €11 million. Mr. Masding has stated Permanent TSB does not have in place a figure for provisions. How does the bank deal with its balance sheet if it does not know the amount of its contingent liability? Mr. Masding said when responding earlier to another speaker that he believed the bank should be an institution that could survive. Surely, he has a figure.

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