Oireachtas Joint and Select Committees
Wednesday, 18 May 2022
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Withdrawal from Irish Banking Market: Engagement with Ulster Bank and KBC Ireland
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
Cuirim fáilte roimh na finnéithe chuig an gcoiste. Welcome to the committee. Unfortunately, it is in circumstances which we would rather not be in whereby both banks, after making hefty profits in this State, have decided to leave. Now, 1 million customers have to find a new banking home. I will direct my first comments to Ms Howard. Ulster Bank has started to issue letters and KBC will do so from next month. How many letters have been issued to customers by the bank to advise them to close their accounts? How many letters are expected to issue each month over the coming period?
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