Oireachtas Joint and Select Committees
Wednesday, 23 June 2021
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
General Banking Matters: Permanent TSB
Peadar Tóibín (Meath West, Aontú)
Link to this: Individually | In context | Oireachtas source
Turning to the general market, PTSB in March reported a loss of €166 million. I think that occurred because the bank set aside €155 million against possible loan defaults. Have we information regarding those loan defaults materialising, because that would serve to give us a picture of what is happening with small and medium-sized businesses in the economy now? Has that €155 million been exhausted, or has only a small proportion of it been used up?