Oireachtas Joint and Select Committees
Tuesday, 21 May 2019
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Matters Relating to the Banking Sector (Resumed): KBC Bank
Mr. Brendan Mahon:
If we are going through a legal process, we accrue fees in line with the loan agreement onto the associated account. Ultimately, that will be decided by the courts. If a court states that KBC is not entitled to those legal costs, they will be reversed off the account along with any associated interest.