Oireachtas Joint and Select Committees

Thursday, 3 September 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

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

Okay. We'll move on. Can you comment on the reasons why Permanent TSB had an exposure to Icelandic banks of €92.4 million and what was the total amount written off on these exposures, if you know? And, that is referenced in the core booklets as well. Vol. 1, page 79, there's a letter which I'm sure you've read from Peter Fitzpatrick to Mary Burke in October '08. What's the background to that issue, that exposure?

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