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:

All businesses have an obligation to try to source new customers. Where we must be careful is if those propositions for new customers are there for such a long time or are so different that they are material versus the stock of customers. What we are trying to do here is, as one would expect, to compete but the discounted period is, as Mr. Mitchell said, for a year-----

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