Seanad debates

Tuesday, 15 May 2012

Mortgage Arrears: Statements, Questions and Answers

 

5:00 pm

Photo of Paschal MooneyPaschal Mooney (Fianna Fail)

I refer to the question I asked the Minister of State about Permanent TSB. The Government's policy seems to be to create a third banking force in order to generate more competition in the mortgage market. This has led Permanent TSB reducing its mortgages, albeit only by a small amount. I know my question might have sounded somewhat tongue in cheek. However, would the Government welcome a major force outside this country if it was prepared to inject equity into this potential embryonic major third banking force? How will the Government capitalise Permanent TSB in order to make it competitive?

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