Oireachtas Joint and Select Committees

Wednesday, 5 November 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of Banking Sector: Bank of Ireland

2:45 pm

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

Please listen for one second. This is interest on products bought from Mr. Boucher's bank. It is the exact same scenario as the one I have outlined. It is interest that was applied to coupons. I refer to the fee applied by giving the guarantee to Bank of Ireland, not to paying all the cash back. They are two different things. Bank of Ireland charges fees on transactions all the time, but when it offers a loan, it still wants the capital back; that is the point. I do not want to take up the committee's time, but the public will decide this.

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