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 John McGuinnessJohn 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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