Gerry Horkan (Fianna Fail)
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I wish to raise KBC Bank Ireland's competitiveness on interest rates. Ulster Bank has undertaken an initiative to which Deputy Pearse Doherty has referred. How does Mr. Verbraeken see KBC Bank Ireland's competitiveness relative to the other banks? Deputy Michael McGrath has an aversion to gimmicks and is conscious of how much can be hidden away by the attractiveness of a cashback offer. I applaud KBC Bank Ireland on its approach of being straightforward about what it is offering. I can see that in the increasing numbers people who are opting for fixed rates on foot of the stability they provide. Where does the bank want to position itself in terms of interest rates? Does it want to be the most competitive? Is KBC Bank Ireland wary of being the most attractive to the market? What is it's position in that regard?