Oireachtas Joint and Select Committees
Tuesday, 27 March 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Overview of Operations: Strategic Banking Corporation of Ireland
2:00 pm
Mr. Nick Ashmore:
When a bank charges 6%, it is covering a number of different costs. It is covering the costs of the underlying liquidity. That is very low now. It is so low that they do not need our money anymore. We charge 80 basis points for our liquidity. They can fund less than that. They then charge an amount for administration.
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