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

Mr. Jansen did have the opportunity to have those customers and he chose to leave those customers behind. There is real pressure on them as a result of this. No doubt the committee will engage again on this in the months ahead. A key takeaway of the discussion we have had so far is the indication from the banks that they will at a certain point next year sell non-performing loans.

They have not given any guarantees to the committee that those loans will not be sold to debt collection agencies. In a cost-of-living crisis where people have been put to the pin of their collars, that is very concerning news. The debate and discussion will continue. I will leave it at that.

Comments

No comments

Log in or join to post a public comment.