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

Photo of Alan KellyAlan Kelly (Tipperary, Labour) | Oireachtas source

I am sorry. I do not wish to be rude but I have another question. I was very much taken by what was said about the impact on other banks - by the way, I love that. Could the witnesses explain it? When the model was rolled out, the foundation wiped the floor with the banks that were in the region and by the sound of things, they left. Did they just get out of the market the foundation was in or what happened? It is just some information I do not have.

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