Oireachtas Joint and Select Committees

Tuesday, 23 March 2021

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

Banking Sector: Engagement with Bank of Ireland

Photo of Gerald NashGerald Nash (Louth, Labour) | Oireachtas source

Ms McDonagh should know that I have got very limited time because I am not formally a member of the committee but we can elaborate further on some of the issues I hope to explore with her today when we meet over the next period.

On the bank's treatment of those who are on the employment wage subsidy scheme, EWSS, and previously the temporary COVID-19 wage subsidy scheme, TWSS, across the sector, and I have been very vocal on this over the past year, I have detected a trend where applications from all workers on the EWSS have at the very least been delayed. From the information I have from applicants across the country pertaining to a number of different banks it seems to me that since the Revenue list was published earlier this year banks are using that list as a charter to blacklist or blackball applicants who are working with firms that are on the EWSS when they may not be benefiting from it. Can Ms McDonagh elaborate on Bank of Ireland's position on mortgage applicants who are employed by firms on the EWSS?

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