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. Barry D'Arcy:

In the context of contract and terms and conditions, the same terms and conditions apply to the loans in KBC as will at CarVal. With a variable rate, the bank or institution can change the rate. We have seen in the marketplace the funds that have come in and purchased loans have typically acted in a constructive and positive way with customers. We would not see that being different in this circumstance.