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
11:50 am
Sean Barrett (Independent) | Oireachtas source
We are losing €900 million a year on this investment according to page 2 of the initial presentation. The operating loss for the first half of 2013 is €449 million and for the first half of 2012 is €457 million. That amounts to €906 million so we are losing the best part of €1 billion a year on the €4 billion we put in. I do not know whether the company is viable.
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