Oireachtas Joint and Select Committees
Wednesday, 4 September 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Overview of Financial Sector: Discussion with Bank of Ireland
10:55 am
Ciarán Lynch (Cork South Central, Labour) | Oireachtas source
The approach being taken by each of the banks can be considered on a case by case basis. One can argue that the IBRC and AIB, both of which are splitting it completely, are in a different situation because they are completely owned by the State, whereas the State has a stakeholding of less than 15% in Bank of Ireland. The situation of a customer on a tracker mortgage and a customer on a mortgage with a variable interest rate is entirely different. Would Bank of Ireland consider offering customers on variable interest rates a type of split mortgage that is different from that offered to customers on tracker mortgages?
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