Oireachtas Joint and Select Committees

Tuesday, 21 February 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Banking Sector in Ireland: Discussion (Resumed)

4:00 pm

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

I thank Mr. Kissane for his attendance and opening presentation. Like Deputy Doherty, I thank him for all the work he continues to do for affected customers. I will start by addressing the overall numbers that are involved. Is Mr. Kissane satisfied that the numbers being quoted by the Central Bank and the banks are broadly accurate? The Central Bank's statement indicates a figure of 8,200 accounts or customers, and there is a big difference between the two. On top of that, there are the 1,400 from PTSB and the 2,100 from Bank of Ireland from 2010. That is where we are getting the figure of 11,700. The Governor of the Central Bank, Philip Lane, accepted that the figure could be as high as 15,000. What is Mr. Kissane's sense about this? Are the numbers broadly accurate?

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