Oireachtas Joint and Select Committees
Wednesday, 23 June 2021
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
General Banking Matters: Permanent TSB
Peadar Tóibín (Meath West, Aontú)
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I am approaching this subject from the perspective of the exit of Ulster Bank and KBC. We are looking at a shrinking market and a further concentration of the market into fewer hands. Situations like that never bode well for customers. Mention was made of capital requirements as a possible reason for banks to leave the market. What other reasons are there for banks to be leaving the market now?