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. Wim Verbraeken:
The 2010 issue concerned a cohort of customers who had received, in 2008, an offer from the bank to switch to a fixed-rate period. Initially, they were scheduled to move to a variable rate at the end of that period. Prompted by the Central Bank, the bank conducted a review at the time and decided these customers would go back to their tracker rate.
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