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
Mick Barry (Cork North Central, Solidarity) | Oireachtas source
I suspect that many observers might say it has less to do with customer choice than making decisions that are profitable for the banks.
I have limited time so I will move on to the issue of the shedding of jobs and the closure of branches. I am not speaking about the future but about what has happened in the past. It seems this is making it more difficult to be able to carry out this unprecedented volume of account switching. I know some emergency steps have been taken to bring staff into assist with it but I think the banks have been hampered in their efforts by the extent of job shedding in the past. I am interested in the comments of the witnesses on this.
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