Oireachtas Joint and Select Committees
Tuesday, 21 May 2019
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Matters Relating to the Banking Sector (Resumed): KBC Bank
Rose Conway Walsh (Sinn Fein) | Oireachtas source
Another eight years. It is good if you can get it, is it not?
Following on from the issue of repossessions, let us say KBC goes to court to get a repossession and the court order is granted.
When it is executed, a State representative takes possession of the property and engages a private security firm. Will our guests explain this? In order for the bank to get the property back, the State executes the court order and engages the private security firm. Where is the bank in all of this? Does it pay the State? With whom does the loss or expense lie?
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