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 Mick BarryMick Barry (Cork North Central, Solidarity) | Oireachtas source

I thank the witnesses. My follow-on question is, given that representatives of both banks have indicated that the numbers that might be involved in this scenario are on the lower side, something that I am not fully convinced of given the cost-of-living crisis and the financial pressures bearing down on ordinary people at present, can we get a guarantee from the representatives of each of the banks at the committee here today that non-performing loans will not be sold on to debt collection agencies?


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