Oireachtas Joint and Select Committees
Wednesday, 19 December 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB
4:30 pm
Peter Mathews (Dublin South, Fine Gael)
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That is very light when one considers that Certus, which is the workout vehicle for Lloyds Bank, has to date written off €22 billion of the €40 billion at which its loan book peaked. That begs a question about the 80% capital adequacy. What do the witnesses mean by an 80% capital adequacy?