Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

These fall under the definition, under the consumer mortgages credit agreement regulations of 2016, as foreign currency loans. What AIB and Bank of Ireland offer, even though they operate on both sides of the Border, is a foreign currency loan. It will be deemed a foreign currency if a loan is provided to one person in one jurisdiction whose income comes from another jurisdiction. It is immaterial that they operate across different jurisdictions. The point is whether they are providing a loan to a resident in one jurisdiction with an income from another. It can be done. I am aware that penalties are applied by other banks.