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

Gripping all of that together, Ms Howard has come here and redefined how she will target. It was closure of accounts and now it is little activity. She speaks about between one and five transactions. However, one transaction that defaults could be a major one. Breaking this down, 51% have closed and their deadline is now two weeks away. It will be two weeks from Friday, but 51% have closed. Of the 49% that remain open, how many of them have a nil balance and no activity?

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