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. Jeremy Masding:

It would be inappropriate for me to answer that because, as the Deputy will understand, such information is quite commercially sensitive. I will say, however, that Permanent TSB does not have a private banking arm. It does not have a wealth management arm, an asset management business or a premier banking business. In comparison with our peer banks, we have a higher proportion of customers who fall under the terms of the deposit guarantee scheme - that is, with deposits of less than €100,000. That is as much as I can say on that issue.

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