Oireachtas Joint and Select Committees

Thursday, 28 September 2017

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

Banking Sector in Ireland (Resumed): Permanent TSB and KBC Bank

9:45 am

Mr. Stephen Groarke:

Overall, we actually made a loss of €266 million and that was after allowing for the sale of the portfolio that Deputy Murphy asked about. On a pre-exceptional basis, we made an operating profit before exceptional items of €188 million in 2016.

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