Dáil debates

Thursday, 26 November 2020

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions

Banking Sector

10:30 am

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

I will continue to engage on this matter both with Ulster Bank and its parent company. As I said, I am well aware of the significance of Ulster Bank as an employer, a provider of competition and a supplier of services in the country, in particular the branches it has located in areas outside Dublin. It is a very important employer and bank. I emphasise that I and the Government do not have a formal role in this review. This is a bank which is owned entirely by another broader parent company. Notwithstanding that key point, I will continue to raise my concerns regarding the future of the bank in the country with Ulster Bank and its parent company, and its importance as an employer and a retail bank for Ireland.

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