Oireachtas Joint and Select Committees

Thursday, 28 September 2017

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

Banking Sector in Ireland (Resumed): Permanent TSB and KBC Bank

9:45 am

Mr. Jeremy Masding:

I thank Deputy Pearse Doherty for his question. As he knows the bank had to undertake essentially two pieces of work. The first piece of work, as he rightly pointed out, is that ours was the first bank to announce a CBI-agreed redress and compensation scheme. For those customers we have predominantly finished that programme. In terms of the second programme, like the remainder of our colleagues in the Irish banking system we are working with the Central Bank to complete what one might call the CBI tracker review. We believe we have - give or take - finished that review and we are awaiting the final findings from the Central Bank.

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