Oireachtas Joint and Select Committees
Wednesday, 12 November 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Overview of Banking Sector: Permanent TSB
2:45 pm
Mr. Jeremy Masding:
The stop date is 26 July 2015, which is nine months after the stress test. That is when I have to have the capital in place. My guess is that quarter 1 of 2015 would probably be when I would be ready to make a public pronouncement. I should mention one important factor. Quite rightly, we talk about the Minister as the large majority shareholder, but there is a small minority interest who are also my shareholders. Therefore, we also have to engage with the minority shareholders. That is why I think it will take until quarter 1 of 2015.