Oireachtas Joint and Select Committees

Wednesday, 12 November 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of Banking Sector: Permanent TSB

2:55 pm

Mr. Jeremy Masding:

Yes. To be clear, however, the net interest margin is a function of what we charge for lending and how much we pay for deposits. We still pay a premium over the other banks for our deposits because we do not have a restructuring plan and because of historic issues. Our cost of funds is probably the more important of these considerations.