Oireachtas Joint and Select Committees

Wednesday, 13 May 2015

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of the Banking Sector in Ireland (Resumed): Permanent TSB

2:00 pm

Mr. Shane O'Sullivan:

The Deputy is referring to a survey from the fourth quarter of last year that related to 17 cases. It is worth pointing out that if two people were associated with a case, it was counted as two cases rather than one. The 17 becomes 11 when counted on a case basis. Three of those loans were associated with a mortgage book that we had sold, so the votes were not ours. That brings us down to eight cases. The results to which the Deputy refers were on the back of a small sample.

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