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
John McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source
Yes. Mr. Masding went on to refer in his statement to the No Consent, No Sale Bill 2019 brought forward by Deputy Pearse Doherty. At the most recent meeting of the committee, which was an engagement with the Central Bank or Bank of Ireland, I commented that I have never seen so much publicity generated very quickly and that was determined to undermine the Bill. There is support for the Bill in the House. How it is developed by Deputy Pearse Doherty is a matter for him. I wish to make the witnesses aware that there is a desire within the political membership of the Dáil to find a solution that prevents the continued growth of activity of vulture funds in the market.
Mr. Masding may have a different view, but there is a growing body of opinion that something is needed to curb the sale of properties such as these to vulture funds. I make that observation by way of comment. Mr. Masding has expressed his view in that regard.
On the profitability of Permanent TSB, it generated operating and bottom-line profit. What was the level of profit in 2018 and 2017?
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