Oireachtas Joint and Select Committees

Wednesday, 19 October 2022

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

Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland

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

I was wondering if we all should go home, given that the CEOs have told us they are ahead of target and everything is going so well. I want to dig a bit deeper into all of that. I might focus, given the limitation of time, on Ms Howard in relation to Ulster Bank to see where it is at this point in time.

I welcome some of the statistics that Ulster Bank brought to the committee. The key message here is for people not to delay but to engage, to close their accounts and to open an account in another financial provider before the deadline. There was an extension of the deadline and the deadline is now 4 November for those first tranche of letters that were sent out. My first question is how many letters were sent out in April that now have a deadline of 4 November?

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