Written answers

Thursday, 15 December 2022

Photo of Michael LowryMichael Lowry (Tipperary, Independent)
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202. To ask the Minister for Finance the dates of the board meetings of a bank (details supplied) that the independent non-executive director to the bank attended in 2021 and 2022 on his behalf; if the person submitted written updates to him on the themes covered during the board meetings; if the bank has discussed the possibility of making any of its branches cashless in 2023, in tabular form; and if he will make a statement on the matter. [62836/22]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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I am advised by AIB that throughout the course of 2021 and 2022 Mr Raj Singh attended Board meetings on the following dates:

Year Date
2021 28th January 2021
8th February 2021
17th February 2021
25th February 2021
4th March 2021
25th March 2021
29th March 2021
5th May 2021
27th May 2021
10th June 2021
24th June 2021
22nd July 2021
30th July 2021
26th August 2021
23rd September 2021
21st October 2021
11th November 2021
16th December 2021
2022 27th January 2022
24th February 2022
2nd March 2022
11th March 2022
31st March 2022
27th April 2022
4th May 2022
26th May 2022
13th June 2022
23rd June 2022
28th July 2022
29th September 2022
27th October 2022
17th November 2022

While Mr Raj Singh does not submit written updates on the AIB board meetings to me, I can confirm that Department of Finance officials meet with him at various points throughout the year. I would also point out that Department of Finance officials have access to all AIB board papers.

In relation to the possibility of AIB making any of its branches cashless in 2023, I received the below response from the Bank on this matter:

"Recognising the customer and public unease that the decision to remove cash from branches has caused, AIB announced earlier this year that it had withdrawn the proposed changes to its bank services. Additionally, on 14th September 2021 AIB Chief Executive Officer Colin Hunt, while attending the Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach noted regarding the plan: "It is off the agenda. It is not off the agenda for this month or this quarter of the year; it is off the agenda in perpetuity.’"

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