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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