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
Deputy Pearse Doherty raised the fixed rate issue. When the borrower accepted the fixed rate, the bank, with the market, took a fixed rate. If the bank were to reduce it for the borrower, it would be at a loss, not just a book loss but an actual loss. Is that right?
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