Oireachtas Joint and Select Committees
Wednesday, 14 September 2022
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Issues: Discussion
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
We will not go into the fact that it is not paying tax on those profits. The bank has increased its lending by 7% and its total income from net interest has increased, so it is in a strong financial position for the time ahead. It has increased its market share in the mortgage market because of the withdrawal of other banks. Its personal customer base has increased. It has acquired Davy. In February, it announced plans to return €104 million to shareholders through dividend payments in a share buyback scheme. Will Bank of Ireland also stand with its customers and tell them that it will not pass on the mortgage interest rate increase of 75 basis points from the ECB?
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