Oireachtas Joint and Select Committees

Wednesday, 15 June 2022

Joint Oireachtas Committee on Transport, Tourism and Sport

Future of An Post Network: Discussion (Resumed)

Ms Debbie Byrne:

I will certainly take that back to the other side of the house, given the publicity-post aspect of our business is an important revenue stream for the overall group.

I might comment on financial services because they are really important. We have done deals with AIB and Bank of Ireland and we will transition out our Ulster Bank deal as it exits the market. In parallel, we have invested heavily in An Post Money over the past three years and we have about 120,000 current accounts. Our current account openings year on year are up 77% and 65% of those account openings are in the network. We also offer credit cards and loans and are looking to go into mortgages.

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