Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Even in Ireland, Bank of Ireland's main competitor, AIB, has just announced a quarter per cent interest rate reduction. Its variable rates are below 3% for certain products, so even if we take like on like and compare the pillar banks in Ireland Bank of Ireland is way behind AIB on the price of products. How can the witness justify the fact that Bank of Ireland is gouging its customers by that amount?