Permanent TSB CEO 'huge advocate' of protecting vulnerable

on 07/01/2013 09:21:33

The Chief Executive of Permanent TSB, Jeremy Masding, has said he is a "huge advocate" of anything that protects the vulnerable.

Mr Masding was responding to questions about the new personal insolvency laws, on which he said they have worked "hand in glove" with the authorities to make sure they are right.

The bank yesterday announced plans to increase lending targets five-fold from €90m to €450m for this year.

When it comes to people in trouble with their loans, Mr Masding said he has been proactive in that area already.

Mr Masding said: "Equally I have built from scratch an assets management unit where we are talking to all customers in arrears.

"And if, having looked at all options and had adult-to-adult dialogue, the best thing for the customer and the bank is for a customer to be part of an insolvency process then I will be fully supportive of it."