Oireachtas Joint and Select Committees

Thursday, 11 October 2018

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

Sale of Property Loans (Project Glas) By Permanent TSB: Discussion

11:30 am

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I do not have much time but I am sure other members will continue with this matter.

On restructuring, the witnesses outlined what the bank should have done. I will tell them what the bank should have done. It should have done what the other banks are doing. I am not one to shout about the other banks, which could do much more, but what Permanent TSB is doing is simply pathetic. It is taking the easy option, selling up and turning its back on customers. It should have worked through all these arrangements with customers in a more meaningful way than it did. I have given examples and I can give many more.

Of the number of solutions that are itemised under the code of conduct from A to K, how many does the bank not offer?

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