Oireachtas Joint and Select Committees

Wednesday, 17 April 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Bank Charges: Discussion with Central Bank and ISME

2:30 pm

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I welcome Mr. Bernard Sheridan and his colleagues from the Central Bank of Ireland and Mr. Mark Fielding from ISME. I put it to Mr. Sheridan that the providence of the hikes in charges and fees is irrelevant to the people who have to endure these increases. I appreciate that he said some of these relate back to the charges that stood notified in 1996. Perhaps I will take him up on that issue. How many increases would the Central Bank have approved in, say, 2012-13? In AIB there was the 165% increase in the handling cost for dealing with notes. Does that increase date back to 1996?

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