Oireachtas Joint and Select Committees

Wednesday, 12 November 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of Banking Sector: Permanent TSB

3:45 pm

Mr. Glen Lucken:

Transitional common equity tier 1, CET1, capital was 12.7% at end-H1 of 2014. On a fully loaded basis, that reduces to 10.6%. The difference between the two is effectively the treatment of deferred tax assets.