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

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9:30 am

Mr. Niclaus Bergmann:

At the moment, yes, it is zero. It is interesting to see that total deposits are growing at between 3% and 5% per year because people keep on bringing their money to their local Sparkasse. It is not because they earn interest there but-----

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