Oireachtas Joint and Select Committees
Thursday, 21 September 2017
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Sector in Ireland: Bank of Ireland
9:30 am
Mr. Liam McLoughlin:
We have a range of products with credit card rates from the mid-teens to just over 20%. The credit card has a variety of features to it but the most common feature, particularly since the crisis in 2009, is that most customers use their credit cards and pay down the debt on pay date. So 50% of our customers have effectively 56 days of free credit.
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