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:

We have a UK business called Capital Home Loans; we also have some non-core Irish businesses. In my opening remarks I mentioned that, over time, it is right for the taxpayer that we look at the way to maximise value from those businesses, and we will do so. So my first answer is that there is a drag from non-core businesses.