Oireachtas Joint and Select Committees
Tuesday, 20 April 2021
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Estimates for Public Services 2021
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised)
John McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source
I would make two comments on that. Ulster Bank had staff and a network. KBC Bank had staff and a network. If that was put on the international markets, and I am not suggesting that the Minister would go seeking one, but a bank would be interested because it is not starting from scratch. I know banks are exiting the country but why should we allow the duopoly to take up the slack of Ulster Bank and KBC Bank? That is the point I am making. It is easy to buy into banking if one has a network and people already in place. From that perspective I believe we have lost an opportunity. That is all I would say to the Minister.
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