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. Glen Lucken:
What will certainly always be the case is that the contingent capital, CoCo, will have to be deducted. If we are looking at a gross figure of €855 million today, on an equivalent basis it would be €455 million. We are talking about covering 80% of the total, but that is taking the CoCo into account.