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:
The transfer is managed through what is technically called a part 3 transfer, which is subject to the consent of the Department of Finance. For that transfer there is no consent of customers required. As part of that transfer all of the terms and conditions will be then transferred to the Bank of Ireland.