Mortgage Interest Rates
Dail Éireann — 2025-12-18
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Cian O'Callaghan (SD), Dublin Bay North

Irish banks are making huge profits from charging high interest rates on mortgages. Research by RBC Capital Markets shows that Irish banks are making more than three times as much on mortgages as UK banks by charging higher interest rates. It is the last thing people who are struggling to buy a home need. At the same time, profit levels in Irish banks are at a record high. AIB and Bank of Ireland last year made a combined profit of almost €5 billion and these same banks paid virtually no taxes on these profits. Does the Tánaiste think it is acceptable that Irish banks are making huge profits off the backs of mortgage holders? Does he see that there is a serious problem? Will he do anything to end this rip-off?

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2025-12-18/debate/main
Retrieved: 2026-08-14T04:54:29+00:00
Sitting date: 2025-12-18