Oireachtas Joint and Select Committees

Thursday, 4 April 2019

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Matters Relating to the Banking Sector: Bank of Ireland

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I welcome Ms McDonagh and her team and thank them for completing the detailed questionnaire and providing their opening statement. I will pick up on mortgage pricing where Deputy Doherty left off. He referred to the variable rate of up to 4.5%. The bank indicated in response to a question that 47,387 customer mortgage accounts are on a variable rate. That is 25% of the bank's total mortgage accounts. Of those 47,000 accounts, how many are on 4.5%? I presume some are on 4.2% and others on 3.9%. What is the breakdown in that regard?

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