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:
At a high level, we got two types of money. We got share capital from the taxpayer of €4 billion and then we had a funding gap in our balance sheet, our assets were bigger than our liabilities, and we borrowed from the ECB up to approximately 40% of our balance sheet and at the highest level.
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