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
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source
That is fine. We will be dealing with that matter later. I wish to turn now to the cost of funding. The witnesses said that most of the funding for Permanent TSB comes from deposits, if I understood correctly. They said that 60% of its funding is from deposits and they cited that as one of the reasons for their difficulty in reducing the variable interest rate. Obviously, the witnesses cannot talk about individuals, but can they tell me how many deposit customers the bank has and what portion of those customers have big deposits of, say, more than €100,000, up to €1,000,000? I am curious about that, and it follows on from what Deputy Creed was saying-----
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