Dáil Éireann Debate, Tuesday - 21 January 2014
213. Deputy Michael McGrath asked the Minister for Finance his views on the early involvement of a strategic or capital market based investor for Permanent TSB as part of its long-term plan to return to market ownership. [2581/14]
View answerThe potential involvement of a strategic or capital market based investor for Permanent TSB ("PTSB") will be considered at an appropriate time having regard to the best interests of the State. My officials and PTSB are in regular contact regarding matters such as capital structure and will consider all potential strategies in this regard.
In the meantime PTSB continues to work to enhance the value of our investment through the continued delivery of the restructuring plan, which will, if delivered, provide the State with more optionality regarding the future structure of PTSB. Key activities include a return to meaningful lending and material progress in resolving arrears in mortgages and commercial real estate.
