Oireachtas Joint and Select Committees
Thursday, 11 April 2019
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Matters Relating to the Banking Sector: Allied Irish Banks
Kieran O'Donnell (Fine Gael) | Oireachtas source
I want us to reach a point where the State will get its investment back and existing and new AIB customers will be offered competitive interest rates relative to those offered by European banks. Dr. Hunt is talking about the level of capital the bank requires relative to that in European banks. We continually look to our sister countries within the EU and many of them are providing much lower interest rates to customers than AIB is providing here. If AIB wants the level of NPLs to fall and wants to have European norms, it must reciprocate by providing European norms in interest rates as well. Is the bank willing to provide the other side of the equation by reducing interest rates to reflect European norms?
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