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

Mr. Jeremy Masding:

I think we are at cross-purposes. If what the Senator is suggesting is a legitimate alternative for the bank, the answer is yes. However, what the bank needs to think about is that within its capital envelope and its duty to all taxpayers. We need to compare that option to others I do not yet have on the table. I can assure the committee that the board and I would make a recommendation to the Minister which would be based on the best decision for all taxpayers. That is probably all I can say.

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