Oireachtas Joint and Select Committees

Wednesday, 12 November 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of Banking Sector: Permanent TSB

3:35 pm

Mr. Jeremy Masding:

The Deputy makes a good point. Interestingly, on the roadshows, when we are talking about Permanent TSB, 76 branches seems to be very attractive to investors in a world that is becoming more digital. I inherited 92. I had to close 16 using an economic threshold. All things being equal, 76 is right-sized and will be a source of advantage over time.