Oireachtas Joint and Select Committees

Wednesday, 12 November 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of Banking Sector: Permanent TSB

3:55 pm

Mr. Ger Mitchell:

We run economic models on all of our existing and new products. At present, our blended rate across our variable rate book for new business this year is 4.3%. Five costs go into this, which are the costs of the raw material, capital, liquidity, operating expenses and risk. All of these together come in at approximately 3.7%.