Oireachtas Joint and Select Committees

Wednesday, 1 December 2021

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

Withdrawal from Irish Banking Market: Engagement with KBC

Mr. Ale? Bla?ek:

I thank the Deputy for his questions. I would like to reiterate that this was definitely a very regrettable event. When I arrived in Ireland, I spent much time looking at this. We currently still have some customer claims outstanding. Some are raised through courts, through the Financial Services and Pensions Ombudsman, FSPO, or the Court of Appeal. We are working proactively to resolve those cases appropriately and in a comprehensive manner in order that when the facts and the legal grounds are established, we will fulfil our obligations. At the moment, we have created some additional reserves related to tracker mortgages. As I said, we will continue to fulfil all our obligations to our customers when they arise, in respect of tracker mortgages.