Permanent TSB says capital above minimum requirement after review

Monday 02 December 2013 15.23
Permanent TSB says capital position meets requirements
Permanent TSB says capital position meets requirements

Permanent TSB has said that its capital position is above the minimum regulatory requirements.

In a statement issued after the Central Bank's asssessment of its balance sheet, Permanent TSB said the assessment focused on the sufficiency of provision levels and capital measurement at the end of June under incoming regulatory capital rules. 

"Based on the communicated results the outcome confirms that the capital position of Permanent TSB plc is above minimum regulatory requirements", the bank stated.