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
4:40 pm
Mr. Ray MacSharry:
If house prices drop by 59% or 60% that capital adequacy ratio could drop to 6%, which is a real stress case. To return to loan to deposits, which the Deputy mentioned, in 2009 our loan-to-deposits ratio was 265%. It went to 273% then it reduced in 2011 to 234% and it now stands at 192%.