Oireachtas Joint and Select Committees
Tuesday, 9 April 2019
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB
Mr. Jeremy Masding:
I consider two to three years reasonable unless opportunities arise for us to decrease the proportion of NPLs more quickly. All of the indications are that we are nearer the end than the beginning of a positive economic cycle. I do not wish to be in a situation whereby the bank balance sheet is stressed and exposed to economic shocks. I agree with the Deputy's summary, but add the caveat that, as opportunities arise, we will attempt to manage it that way.