Oireachtas Joint and Select Committees

Tuesday, 22 November 2016

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Banking Sector in Ireland: Permanent TSB

2:00 pm

Mr. Jeremy Masding:

At its simplest, most of the loans which are in arrears are supported by a property.

Therefore, we put a provision against those. As the value of those properties increase, at its most simplest, therefore one does not need that stock of provision. That is why we released them. It is not-----

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