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 Neale RichmondNeale Richmond (Dublin Rathdown, Fine Gael) | Oireachtas source

I thank our guests for their submissions. I have questions for the representatives of both institutions but might start with Mr. Jansen to give Ms Arnett and Ms Howard a break. Their interactions with Deputy Doherty were intense, even as an onlooker. I thank him for his forensic analysis. I want to pick up on the point Mr. Jansen made about the fact that the estimates are now different to the ones that were made in May, when KBC stated that 52,000 customers would need to open a new account and close their KBC accounts. That figure has now come down to 39,000. Mr. Jansen mentioned that fact, but I would like an explanation as to why that estimate has changed.

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