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
Maria Byrne (Fine Gael) | Oireachtas source
I thank the witnesses. I have two points. Any other comments I might have made or questions I might have asked have already been covered. The first question is to KBC. I have one or two people who completed their mortgages 16 to 18 weeks ago. They received letters stating that they would receive the deeds to their homes by registered post within six weeks. They still have not received them 16 to 18 weeks later.
Deputy Farrell referred to businesses not being able to get overdrafts from their new banks. I raised that previously at this forum with the two banks because it was raised with me. Businesses are having difficulties, even though they can show that they have been trading with either KBC or Ulster Bank for the previous X number of years. Because they do not have 12 months full trading with the new bank, it is very difficult to get a loan or an overdraft.
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