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

Ms Dara Deering:

In terms of the number of accounts, that is correct.

In December 2016, recognising that pricing for mortgages had moved to risk-based pricing and loan to value being a measure of risk, we made all of our new business pricing available to our existing customers, both those on fixed and variable rate mortgages because in some cases customers wanted to move to a variable rate or to a fixed rate product.

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