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:

These cases will be prioritised because evidently the biggest harm has been caused by the actions of the bank. I cannot commit to a timeline but it will happen as soon as possible. I do not agree with the Deputy's characterisation of a boardroom arrangement to package and conclude all of this with one public statement and move on. As senior managers of the bank in Ireland we are very aggrieved by some actions that were taken approximately ten years ago. Whether there is one case or a thousand cases as the Deputy is inferring we are determined to capture all of them, look at their specific circumstances and apply redress and compensation.

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