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
10:20 am
Mr. Shane O'Sullivan:
Correct. To be clear, we were asked to look at our stock of arrears customers greater than 90 days at 31 March 2013 and we looked at the legal activity associated with those accounts. Strictly speaking, if we look at the definition from the Central Bank, we believe it is possible to count activity where letters have been issued by the bank. We chose not to do that.
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