Dáil debates

Thursday, 16 July 2020

Ceisteanna Eile - Other Questions

Covid-19 Pandemic Supports

11:50 am

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

I cannot remember the exact date but I became aware of it when it was published by the European Banking Authority. In dealing with the banks, I have made it very clear that it is critical that this period, when Covid is having such a great effect on the lives and incomes of our citizens, not be used as an opportunity to make additional profit. When we see the financial statements which the banks are to make available in a number of weeks' time - I am basing this on guidance offered by other companies - we will see that they are no longer making the kind of profit they made last year and in recent years.

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