Oireachtas Joint and Select Committees
Thursday, 12 October 2017
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Sector in Ireland (Resumed): Savings Banks Foundation for International Cooperation, Irish Rural Link and Public Banking Forum of Ireland
9:30 am
Mr. Niclaus Bergmann:
It is probably not exactly the same. However, in general, we have such competition in the banking sector in Germany that private commercial banks like Deutsche Bank have to offer low interest rates. This is the competition factor. Sparkassen in Germany provide competition in the financial sector. That is one specific topic that you will find written down in the Sparkassen law.
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