Oireachtas Joint and Select Committees

Wednesday, 5 November 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of Banking Sector: Bank of Ireland

3:25 pm

Mr. Richie Boucher:

On the previous occasion I indicated that we would examine the matter to which the Deputy refers. However, I cannot make an absolute commitment on how we price our products. I gave a commitment on the previous occasion to consider the position because I figured we could do something. However, I cannot make a commitment to the committee in respect of how we price products. It would be disingenuous for me to leave anyone with the impression that I might be in a position to take action in that regard. We consider our products on an ongoing basis in order to ensure they are competitive and sustainable and that we can obtain good returns on them. If our products are uncompetitive, the bank, as a business, suffers.