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:
Yes because we get the funding right now for free from the European Central Bank or from our customers, which is the other side of the coin. The interest rates for savings deposits are approximately 0% right now, but people still bring their deposits to Sparkassen because they know they are safe.
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