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

11:40 am

Photo of Thomas ByrneThomas Byrne (Fianna Fail) | Oireachtas source

To clarify, the Central Bank return is in respect of the target the Government and the Minister for Finance, Deputy Michael Noonan, set for the bank. The bank has exceeded that target and, in doing so, it has asked 36% of the 6,650 to leave their home or they are subject to legal proceedings to leave their home. By doing that, the bank is doing better than the Government asked it to do, as it has exceeded the target set by the Government. This gets to the point. The banks are doing what they are told to do by the Government. They are getting away with it and we are criticising the banks when the real target-----

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