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

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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Does Ms Howard expect this trend to continue throughout the whole process? We are only talking about the April ones. If you were sitting down to do this, you would hope these numbers would be very different. Ms Howard said Ulster Bank will not freeze roughly 4,000 accounts because there is some level of activity and it will probably freeze 1,000 of them. That is one third of all accounts the bank issued the letters for in April. That is a lot of accounts.