Paddy Burke (Fine Gael) | Oireachtas source

The submission states that each regional public bank will be an independent, fully licensed, professionally managed financial institution with its own balance sheet and responsible risk management. The number of smaller branches will depend on the region, but the more smaller branches and mobile banks there are, the more expensive it will be. That is the kernel of the issue. If there are many branches throughout the country, the mortgage rate will be more than 1.1%.