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 John McGuinnessJohn McGuinness (Carlow-Kilkenny, Fianna Fail)
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Not that Mr. Verbraeken is aware of. I might return to that.

I refer to IIB and the famous circular which referred to IIB home loans and a new tracker product at a rate of 0.9% issued in 2006. It was described as fantastic news. Mr. Verbraeken is aware of that circular. Originally, there was denial that that circular existed but the bank now accepts that it exists.