Oireachtas Joint and Select Committees

Wednesday, 12 November 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of Banking Sector: Permanent TSB

2:25 pm

Mr. Jeremy Masding:

There are a number of different components to my answer. The Deputy will no doubt have read that we run our business as what we call the core bank, which is the long-term Permanent TSB. We also have some non-core businesses. Those non-core businesses drag down the return. That is my first answer.