7 Deputy Kevin Humphreys asked the Minister for Finance the way he can justify allowing Permanent TSB to charge its home loan customers a standard variable rate of 6% while the two other State owned banks, ESB and AIB charge 4.8% and 3% respectively, and while acknowledging that it is not the normal role of the Minister to interfere with the setting of interest rates, it is noted that a precedent has been set when he persuaded the AIB to reduce their SVR and if he will do the same with PTSB; and if he will make a statement on the matter. [39299/11]

Summary

7 Deputy Kevin Humphreys asked the Minister for Finance the way he can justify allowing Permanent TSB to charge its home loan customers a standard variable rate of 6% while the two other State owned banks, ESB and AIB charge 4.8% and 3% respectively, and while acknowledging that it is not the normal role of the Minister to interfere with the setting of interest rates, it is noted that a precedent has been set when he persuaded the AIB to reduce their SVR and if he will do the same with PTSB; and if he will make a statement on the matter. [39299/11]

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• State Banking Sector

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