Pearse Doherty (Donegal South West, Sinn Fein)

When representatives of Bank of Ireland were before the economic governmental team, were they asked how much of an additional profit they would make by not passing the ECB interest rate reduction onto their mortgage customers? By how many millions of euro will the bank, and, therefore, its shareholders, be more profitable? Has the Government written to Permanent TSB, which is charging the highest variable interest rate at 5.44%? The programme for Government included a commitment to ask banks to forgo any hike of 0.25% in interest rates. Permanent TSB has hiked up its interest rates during the Government's term of office. Has the Government formally written to that bank to ask it to produce a plan to forgo interest rate hikes? What response did it receive to the commitment it made in the programme for Government?

See this speech in context