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
Mr. Jeremy Masding:
A banker's first duty within the machine is to ensure the bank's provisions models are run to create a level of stock of provisions that should it get to the end of a process where it is able at least to write off the debt. The Deputy is correct that the figure of €11 million is disproportionately small in terms of the bank's stock of provisions.
No comments