Oireachtas Joint and Select Committees

Wednesday, 21 September 2022

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

Banking Issues: Discussion (Resumed)

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I would expect nothing less from the Minister than for him to make that comment. If I got notification that a branch was withdrawing cash services from approximately a third of its footprint in the State, 70 branches, I would say to the bank that it is not within the ordinary course of business to withdraw the cash services of a bank across vast areas throughout the State. Is the Minister aware, for example, that different jurisdictions are bringing forward legislation to ensure banks' cash services are protected? He sat back, however, and thought it was a normal part of banking business.

After he became aware, following the public outrage and all the rest, what communication, if any, did he have with the CEO of the bank during that period? I have already divulged that I was in contact with the bank to ask it to reverse the decision, as I am sure other members were. As Minister for Finance and the majority shareholder, what involvement and communication did he have with the bank regarding this decision?

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