Oireachtas Joint and Select Committees

Tuesday, 23 February 2021

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Banking Matters: Discussion

Photo of Bernard DurkanBernard Durkan (Kildare North, Fine Gael) | Oireachtas source

I did not get any explanation as to what the orderly phased withdrawal means. How many phases are indicated and how long will those phases take? Every bank has what they call "valued customers" and I am sure Ulster Bank is no exception. What was offered to those valued customers when the proposal to withdraw from the market in Ireland came out? What offers, if any, were made to them? Were they just told they were going along with the rest of the package and that services would no longer be available to them?

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