Oireachtas Joint and Select Committees

Tuesday, 10 July 2018

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Matters Relating to the Banking Sector: KBC Bank

2:00 pm

Photo of Rose Conway WalshRose Conway Walsh (Sinn Fein)
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I beg to differ because we deal with these cases all the time and the refusal of many vulture funds to engage with customers is not acceptable, as is their refusal to come before the Oireachtas Joint Committee on Finance, Public Expenditure, Reform and the Taoiseach. If they have nothing to hide, why will they not appear before a committee like this? That is why we have great fears that people's homes will be sold off, particularly when we are in the middle of a housing crisis. I note in its questionnaire KBC Bank states that it would escalate the housing crisis by selling off non-performing loans, particularly those with split mortgages and people paying interest rate only. I ask KBC, as a bank with a corporate responsibility, to reconsider that.

KBC is supervised by the ECB because of its parent and sister banks. What percentage of KBC's assets are in KBC Ireland?