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.