Permanent TSB CEO to face Oireachtas committee


The chief executive of Permanent TSB will appear before the Oireachtas Joint Committee on Finance and the Public Service tomorrow to discuss the bank's controversial interest rate policy.

David Guinane is to to address the committee in a meeting at Government Buildings at 2pm tomorrow.

He will answer questions concerning the bank's decision announced in July to raise its standard variable rate by a half-point in July, a move that affected around 50,000 of its customers.

The increase means monthly repayments on a €300,000 mortgage will rise by about €70 a month. The rate rise was met with a wave of anger from the public.