Oireachtas Joint and Select Committees
Wednesday, 14 September 2022
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Issues: Discussion
Michael McNamara (Clare, Independent) | Oireachtas source
Mr. Kelly knows it has increased considerably. This could be to the disadvantage of the bank given the latest news that house prices have exceeded the peak of the Celtic tiger. The bank knows that these values are now higher than they have ever been in history but it is charging loan-to-value variable rates based on much lower values.
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