Oireachtas Joint and Select Committees

Wednesday, 19 October 2022

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

Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland

Ms Elizabeth Arnett:

They changed over the weekend and they will change again. I would say we will be in the region of around 1,000. Based on where we are today, that is not an unreasonable assumption. These are customers who have no inbound payment, very low or no balance and have had the full notice period. If any of those 1,000 is still reliant, even if it is one transaction going in, although it will not be an inbound payment form the Department of Social Protection, and if they are telling us their reliance is still there, we will then have the conversation with them.