Michael Healy-Rae (Kerry South, Independent)
Link to this: Individually | In context | Oireachtas source

150. To ask the Minister for Finance his views on correspondence (details supplied) regarding a property swap; and if he will make a statement on the matter. [23073/14]

Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source

The Deputy will be aware that I must ensure that Permanent TSB is run on a commercial, cost effective and independent basis to ensure the value of the bank as an asset to the State. Under the Relationship Framework which governs the relationship with Permanent TSB I recognise that the bank remains a separate economic unit with independent powers of decision. A copy of the Relationship Framework can be found at: .

The Board and management team retain responsibility and authority for determining the bank's strategy and commercial policies and conducting its day-to-day operations. I will ensure that the investment in the bank is managed on a commercial basis and will not intervene in day-to-day management decisions of the bank (including lending decisions). On this basis my officials have forwarded the details supplied to Permanent TSB who have confirmed that they will contact the customer(s) concerned.