Banking Sector Issues

Dáil Éireann Debate, Wednesday - 17 July 2013

Wednesday, 17 July 2013

Questions (76)

Pearse Doherty

Question:

76. Deputy Pearse Doherty asked the Minister for Finance the fees paid by Permanent TSB to a consultancy firm (details supplied) or any other consulting agencies since 2009; and if he will make a statement on the matter. [35831/13]

Written answers

Minister for Finance

As the Deputy will be aware, notwithstanding the fact that the State is a significant shareholder in Permanent TSB, that institution is run on a commercial basis and I do not have a role in the day to day commercial decisions taken by the board and management of Permanent TSB, including in respect of the employment of external consultants and advisors. Separately, I am informed by Permanent TSB that it cannot disclose the fees paid (either to the consultancy firm whose details were supplied or to any other consultant) as arrangements entered into with individual firms are commercially sensitive. Permanent TSB has informed me that fees paid to consultants are subject to appropriate governance, including board approval where applicable.