Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I welcome Mr. Masding and his colleagues to the joint committee and thank them for the information they sent us in advance and which has been very helpful. It is vital for consumers and the wider economy that the future of Permanent TSB be secured. We do not want to concentrate any further power in the hands of the pillar banks, as that would not be in the interests of the economy. We need a viable and competitive Permanent TSB as a counterweight to the power of the pillar banks. That said, when does Mr. Masding expect the bank to become profitable again?