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
Gerry Horkan (Fianna Fail) | Oireachtas source
My initial point was about the resilience of the bank's customers, but I take the point that it is important that we have a resilient banking sector. We certainly do not want to see what happened before happen again. In her opening statement Ms McDonagh talked about Brexit. The bank has an economic pulse which comes out every month and has a team of economists within its network looking at Ireland. It has the largest branch network. It is all over the country and picks up signals from every part of Ireland, which is no different from how political parties operate. The bank sees customers. It sees people under pressure in, I presume, the areas about which we all worry in terms of Brexit - agrifood, tourism and so on. What are Ms McDonagh's thoughts on where Brexit is heading? I do not want her to predict what will happen at Westminster, rather I am asking which areas are more vulnerable. We all have our own opinions on that but what is the bank's perspective?
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