Oireachtas Joint and Select Committees
Wednesday, 12 November 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Overview of Banking Sector: Permanent TSB
2:15 pm
Mr. Jeremy Masding:
Yes. Perhaps I might give the Deputy the full, transparent details and I will then have answered his question. We started with a figure of €855 million gross and have a contingent, convertible vehicle on our balance sheet worth €400 million, which takes us down to €455 million, of which circa80% has been covered. Directionally, therefore, we expect the net shortfall to be between €100 million and €150 million, depending on the final negotiations with the European Central Bank.
No comments