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

I will ask the same question of Mr. Kelly because the same pertains to KBC, which is offering lower fixed rates than Bank of Ireland. For somebody who has received a letter, closed his or her account and transferred and whose fixed rate period may be coming to an end, will that person be hit with increased mortgage costs at a time when the ECB is likely to increase the rates in the coming months?

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