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

Mr. Jeremy Masding:

Deputy Michael McGrath asked me that question. On 16 August, we submitted a restructuring plan with the agreement of our shareholders. It showed that, over the planning period, we can return to viability.

With regard to the figures, my head is in arrears. We were given a cheque for €4 billion. Irish Life was sold for €1.3 billion and the net investment into the Permanent TSB Group Holding was €2.7 billion. I apologise for sounding like a drunk man. I have arrears figures all over my head.

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