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
John McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source
When KBC Bank finally closes and leaves the country, all of its transactions will have been made. It will not take any baggage with it. That baggage will be left with some bank or other or will be sold to another fund. KBC Bank will be completely closed down and there will be no need for a customer to contact the bank after it leaves the country.
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