The biggest Irish mortgage lender says it is prepared to write off some debts for mortgage holders.

But Permanent TSB says it has not yet done so and that it has not yet completed any mortgage-to-rent deals either.

Chief Executive Jeremy Masding says the bank is well ahead of the Central Bank targets for dealing with customers in mortgage distress.

And he says the bank will not go chasing every single Euro that it is owed.

The Committee is holding hearings with the chief executives of the major banks.

Yesterday, the Ulster Bank CEO Jim Brown told the Committee they have helped 2,500 people move out of arrears with a number of restructuring measures.

The CEOs of AIB nad Bank of Ireland are also due before the same Committee later this week.