Oireachtas Joint and Select Committees

Tuesday, 9 February 2021

Committee on Budgetary Oversight

Framework for Parliamentary Engagement Throughout the Budgetary Cycle: Discussion

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

I have given much consideration to the effects of the withdrawal of Ulster Bank from the Irish economy, were it to happen, and the effects of that for current account holders, for those who have mortgages and for those who are looking to secure credit from Ulster Bank in the future. Those concerns are really important and I take them very seriously. Ulster Bank is a very important part of the Irish banking sector and its sudden withdrawal and the consequences of same for our economy, for employment and for credit are very serious. I am well aware of them and have made those points directly to NatWest.

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