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:

It is important to go back in history, I am afraid. At one stage, as I mentioned in my comments, we had a loan-to-deposit ratio of over 200%. I was not in the country at the time, but the Deputy will recall there was a war for deposits. We were particularly hard-hit because of the level of wholesale.