Results 7,441-7,460 of 36,355 for speaker:Pearse Doherty
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: There was a global pandemic. People were encouraged, for health-related reasons, to stay at home. They were encouraged not to go out to shops, banks and so on. Bank of Ireland did this in the middle of all that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: Will Mr. Kelly give a commitment that Bank of Ireland will not close any of those branches between now and the end of this decade?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: What is the foreseeable future? Is it the next five years? AIB was able to say that it would not do anything that its customers did not want. It gave a commitment in this committee that it would not withdraw cash services.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: Why did Bank of Ireland rip the ATMs out of the walls as well? The organisation did not just pack up sticks. It also abandoned communities that rescued it. I live in Bunbeg. Within 800 m of my home, there are three empty buildings that used to house three banks. They are all gone now. Bank of Ireland did not just move lock, stock and barrel. It took the ATM out of the wall as well. It...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: Was that because Bank of Ireland wanted to sell the building?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: There was an ATM in the wall. Why did the bank not leave it there?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: I will give an example. The other building a couple of feet across the road had an ATM, but AIB did not take it out. Bank of Ireland decided to take out its ATM. In other areas, it took out ATMs with no other ATMs in the villages.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: How many ATMs has Bank of Ireland closed in the past five years?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: We now have a private company running 75% or 80% of ATMs in the State. Is that not the case?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: Euronet.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: Bar the 88 that Bank of Ireland ripped out of the walls when it closed the buildings.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: Bank of Ireland has closed hundreds of ATMs. I believe the number of closures was 500 before it closed the branches, so it is approximately 600 at this point. There is a significant issue here and bankers know exactly what they are doing. If they want to change the fees that are charged for ATM transactions, they have to get approval by the Central Bank.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: The company that Bank of Ireland sold the ATMs to does not need that approval. Is that not the case?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: A "period of time", but it is not regulated in the same way in terms of its fee structures because it is not a financial institution. Is that not correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: It is a service provider.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: That is the problem. As banks are packing up sticks in terms of providing access to cash, we are left at the mercy of a company that has given a commitment at this point in time, but we have seen in other jurisdictions the same company charging high fees for accessing cash. Someone who does not have a great deal of money and cannot go to an ATM to take out €300 or €400 but has...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: Was Bank of Ireland losing money on the ATMs?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: That is like saying that Bank of Ireland is going to fold because AIB exists. They are in competition and Bank of Ireland should be providing a full service. Where rural Ireland is concerned, I am disappointed that Bank of Ireland closed the branches and then took away the ATM machines. It goes against the grain of access to cash as well as environmental issues. People have to travel on...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: We will not go into the fact that it is not paying tax on those profits. The bank has increased its lending by 7% and its total income from net interest has increased, so it is in a strong financial position for the time ahead. It has increased its market share in the mortgage market because of the withdrawal of other banks. Its personal customer base has increased. It has acquired Davy....
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Discussion (14 Sep 2022)
Pearse Doherty: When will the bank make the decision?