Oireachtas Joint and Select Committees
Thursday, 21 June 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Matters Relating to the Banking Sector: Allied Irish Banks
9:30 am
Mr. Bernard Byrne:
As EBS is operated as a franchise, an EBS outlet will be run by an agent. The agent is effectively an independent contractor operating under a set of terms of conditions for the franchise. They are our agents and we refer to those as agents. From time to time those agents change or, in our opinion, they may not comply with the terms or something commercial happens that ends the relationship. There are some former agents who have taken actions against EBS on the basis that the contractual break or whatever happened was not correct. It is a litigation matter between agents and EBS. That is my only awareness of an agent position.
No comments