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

Mr. Eamonn Crowley:

I assume the Deputy is referring to the announcement about Bank of Ireland this morning. I cannot comment on that but, in effect, we are selling banking shares every day because we are trying to put forward to our investors and new investors that they should buy our stock based on the strategy we are offering. We have ongoing engagement with the market with regard to putting forward our strategy and approach. In effect, that involves trying to engage buyers to buy shares off sellers and that happens every day. People sell shares in our bank every day and buy them. I cannot comment on the decision made on Bank of Ireland. It is not for me to comment on that.