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%.