No date yet for Permanent TSB plan

There is no visibility on when the restructuring plan for Permanent TSB might be approved by the European Commission, according to the Minister for Finance Michael Noonan.

“Discussions are ongoing at a technical level involving the commission, the Department of Finance and Permanent TSB in relation to the plan, details of which are confidential between the parties and commercially sensitive.

“I do not intend to speculate on when that process might be concluded,” Mr Noonan told Fianna Fáil finance spokesperson Michael McGrath in response to a parliamentary question.