Oireachtas Joint and Select Committees
Wednesday, 17 April 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Bank Charges: Discussion with Central Bank and ISME
3:50 pm
Mr. Bernard Sheridan:
The Deputy asked whether these charges form part of the net interest income. My understanding is that they do not. The net interest income is the difference between the interest they pay and the interest they take in on loans and other assets. These charges are outside of that. The bulk of their profits come from the net interest margin rather than charges.