Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation
Dail Éireann — 2022-05-26
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Paschal Donohoe (FG), Dublin Central

I thank the Deputy for raising this issue. For some time, he has been raising issues in relation to the withdrawal of Ulster Bank from the Irish banking sector. There is already a huge amount of engagement under way with regard to the important issue the Deputy has raised. In recent days, the Central Bank has met with the banks that are involved in exiting our market, as well as the banks that will be expected to provide new accounts for new customers. They are emphasising the importance of this being done in an orderly way. I have engaged with the banks on this matter because I recognise that from a consumer point of view, this is a moment of huge change. At a retail banking forum that the Department of Finance organised last week in Carlow, which was attended by the regulator and all of our banks, post offices and credit unions, I made the point in public to everybody that we need this transition to go well. We will continue to follow up on this matter.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2022-05-26/debate/main
Retrieved: 2026-08-14T04:50:30+00:00
Sitting date: 2022-05-26