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 Bernard DurkanBernard Durkan (Kildare North, Fine Gael) | Oireachtas source

I will leave that for the moment and move on to something else. What interests do each of the banks continue to have of a financial nature in this jurisdiction? For instance, do they have preferred customers, important customers or substantial customers? Does KBC Bank Ireland retain an interest there?

In relation to the Ulster Bank, for example, a financial institution from the UK featured in recent dispatches here. Albeit a so-called "vulture fund", it located in the UK, outside of the European Union, of its own accord. My question is, to what extent do the banks present have any similar arrangement whereby they could involve themselves in financial matters here of a venture nature or are they barred from doing that?

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