Oireachtas Joint and Select Committees

Wednesday, 12 November 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of Banking Sector: Permanent TSB

2:35 pm

Mr. Jeremy Masding:

That is a historic book valuation. My job is to work with a pre-eminent investment bank - we appointed Deutsche Bank. We, the board, myself and Deutsche Bank have some valuation parameters in our heads. I do not under any circumstances want to compromise the Department of Finance. It is my job to shape the situation so the Department stays objective. Therefore, when we have the job done, I will bring the deal to the Department.