Oireachtas Joint and Select Committees

Tuesday, 9 April 2019

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB

Photo of Gerry HorkanGerry Horkan (Fianna Fail)
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I do not think anyone else mentioned that the bank's share value for the current shareholders has fallen by approximately 45% in the past six months and 34% in the past year. The statement included a helpful table that shows the drop in the value of Bank of Ireland's and AIB's shares.

Will Mr. Masding give some context to explain why the share value has fallen so significantly? The poor unfortunates who bought shares and invested in the bank six months ago will have lost nearly half the value.