Oireachtas Joint and Select Committees

Wednesday, 9 April 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB

10:30 am

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

I have some questions for Mr. Masding. The no-fees initiative on current accounts has been very successful from the bank's point of view and from the consumer's point of view, resulting in 60,000 new customers in the past year. How does the bank expect to make money from it?

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