Oireachtas Joint and Select Committees

Wednesday, 30 June 2021

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

General Banking Matters: AIB

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

Why are AIB and some other banks offering cash back to borrowers? Surely that is deception in that it creates the impression that a great deal is being done and a job is being done to assist the customer. It is actually a marketing ploy which could lead to unwise lending or unwise borrowing in that the customer could become convinced he or she is operating in a safe market, as was the case in the halcyon days.

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