Tommy Broughan (Dublin North East, Labour)
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Question 94: To ask the Minister for Finance if he is considering in the context of budget 2012 encouraging competition in the Irish retail bank market including incentives to attract major new foreign entities into the Irish high street; and if he will make a statement on the matter. [21724/11]

Michael Noonan (Limerick City, Fine Gael)
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The Deputy will be aware that discussions around the Budget are on-going. There are, at present, a number of foreign owned entities that operate within the retail banking market.

In relation to competition within the retail bank market, barriers to entry and expansion are low. I would welcome further interest that foreign entities may have in entering or expanding in the Irish market.