Oireachtas Joint and Select Committees

Wednesday, 25 May 2022

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Withdrawal from Irish Banking Market (Resumed): Engagement with Financial Services Union and Electric Ireland

Mr. Brian McDowell:

Ulster Bank has 88 branches. Permanent TSB is taking over approximately 25 of those. Most of the 88 branches have an ATM as part of the branch network. Once the 63 or so branches go, the ATMs will probably go with them and access to cash will be more limited in those communities. Once something is limited, the chance of supply and demand leading to people being charged for that increases.

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