Bonds Redemption

Dáil Éireann Debate, Tuesday - 12 February 2013

Tuesday, 12 February 2013

Questions (217)

Pearse Doherty

Question:

217. Deputy Pearse Doherty asked the Minister for Finance if he will confirm that PTSB has sufficient resources to repay bonds which mature in April 2013 and that PTSB will not need any additional funding from the taxpayer. [6635/13]

Written answers

Minister for Finance

I have been informed by Permanent TSB that it currently has sufficient resources to repay the April 2013 maturity. Permanent TSB advises that these funds come from deposit growth and the benefits of restructuring the balance sheet.