Ceisteanna ar Reachtaíocht a Gealladh - Questions on Promised Legislation
Dail Éireann — 2020-07-09
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Leo Varadkar (FG), Dublin West

As I said to the Deputy earlier, I have not seen the minutes and I am not a spokesperson for Brian Hayes. I related to the Deputy my recollection of the meeting and I related to him what I think is the most important thing here, namely, that the banks should not think that they can in any way make an extra profit or get some type of bonus or premium out of the fact that some people are getting a payment break or loan break on their mortgage. That is the key point in all of this. The banks are claiming that by extending loans by six months or a year, there is an additional cost to them and that cost has to be covered by those who benefit from that payment break, rather than its being passed on to other people or taken out of profits that do not exist any more. However, if it is the case that they misled us and that somehow the banks or other financial institutions are going to make a bonus out of this or an additional profit over and above what they would have made anyway, then that, in my view, is a very serious matter.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2020-07-09/debate/main
Retrieved: 2026-08-14T04:48:25+00:00
Sitting date: 2020-07-09