Oireachtas Joint and Select Committees

Wednesday, 22 April 2015

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of the Banking Sector in Ireland: Allied Irish Banks

2:00 pm

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

Why is the level of switcher mortgages so low or "minimal" as the bank described it? We need a market in which banks try to persuade customers of other banks to switch their mortgage to them. This is how one creates dynamism and competition in the banking system.

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