Oireachtas Joint and Select Committees

Wednesday, 1 February 2023

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

Engagement with Ulster Bank and KBC Bank Ireland

Photo of Jim O'CallaghanJim O'Callaghan (Dublin Bay South, Fianna Fail) | Oireachtas source

I will ask Mr. Jansen a question, since he has experience of banking outside of Ireland as well. I am sure Ms Howard does, too. There is considerable disappointment on the part of this committee that KBC is leaving, primarily, because it reduces competition in the Irish banking sector. How many banks that offer personal banking services does a country the size of Ireland need in order to ensure active and vibrant competition in the sector?

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