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:
Even with two contracts the bank might fall foul of the connected test because of the 20%. That is my understanding. We simply could not achieve that. At the end of the day, I have been here on many occasions and we have always tried our best, I hope, to answer the questions from the committee. The bottom line was the weakness of the PTSB balance sheet.
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