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

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

We have those figures. There were 360,000 at the time and 155,000 have a deposit account but not a current account with Ulster Bank. That takes the total to 510,000. There are also 255,000 inactive accounts. That takes the figure well over 750,000. There are also 70,000 business customers, who may also have personal accounts. Even on those figures, there are 750,000 people who, according to the schedule, will not get a letter if only 80,000 letters are being issued a month.

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