Oireachtas Joint and Select Committees
Wednesday, 24 May 2023
Joint Oireachtas Committee on Social Protection
Safe Deposit Boxes and Related Deposits Bill 2022: Discussion
Mr. Pat Leahy:
We need to distinguish between loans, financial assets, mortgages, etc., and safe deposits boxes. They are separate. Financial assets of the institutions were at interest and sold on. Other assets owned by the banks would be a matter for them to deal with appropriately. Where they have safe deposit boxes or material in storage, they may have moved stuff between branches when branches were closed down.
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