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
Mr. Brendan Mahon:
In cases that are going through the legal process the bank accrues legal fees in line with the loan agreement with the associated account. Ultimately, it is decided in the courts. When a court decides KBC is not entitled to those legal costs they will be removed from the account along with any associated interest.
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