Oireachtas Joint and Select Committees

Wednesday, 23 June 2021

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

General Banking Matters: Permanent TSB

Photo of Peadar TóibínPeadar Tóibín (Meath West, Aontú) | Oireachtas source

Turning to the general market, PTSB in March reported a loss of €166 million. I think that occurred because the bank set aside €155 million against possible loan defaults. Have we information regarding those loan defaults materialising, because that would serve to give us a picture of what is happening with small and medium-sized businesses in the economy now? Has that €155 million been exhausted, or has only a small proportion of it been used up?

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