Oireachtas Joint and Select Committees

Wednesday, 1 December 2021

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

Withdrawal from Irish Banking Market: Engagement with KBC

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Does Mr. Blažek dispute what the Central Bank has found against KBC as part of its €18 million fine? It found that KBC continued the harm despite its intervention and the stop the harm principle was not adhered to by KBC. It continued to overcharge and continued to repossess homes. If KBC accepts those findings, which are part of the €18 million fine, has it identified who at senior level continued the harm, continued to overcharge, and continued to repossess homes that it had no right to, despite the intervention of the Central Bank? What action, if any, has it taken? Or did it, in the words of the KBC Group CEO, "turn the page" on this and just brush it aside?

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