Oireachtas Joint and Select Committees

Wednesday, 12 November 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of Banking Sector: Permanent TSB

3:25 pm

Photo of Lucinda CreightonLucinda Creighton (Dublin South East, Independent) | Oireachtas source

I appreciate all of these variables, but my concern is not just for PTSB, it extends to banks right across the board. Ultimately what has happened in recent years is that variable rate mortgage holders are paying the price for the favourable rates given to tracker mortgages. That is beyond dispute as one can see in every single bank. Is the Central Bank involving itself in trying to identify a fairer and more equitable approach for mortgage holders? Is PTSB under pressure from the bank to do so or is there any engagement with it?

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