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
We can see the number of accounts that have been closed in the questionnaire the bank has provided to us. Since March last year, 122,000 accounts were closed. Some 8,700 of those included in the numbers provided were closed by Ulster Bank itself. Is that not right? These are dormant accounts that massage the figures to make it look as if more individuals are closing their accounts. Some 8,700 of these accounts were closed by the bank.
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