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Questions for Ulster Bank & BOI

The all-party Finance Committee will put the spotlight on Ulster Bank and Bank of Ireland this after...
TodayFM
TodayFM

7:26 AM - 29 Apr 2015



Questions for Ulster Bank & BO...

News

Questions for Ulster Bank & BOI

TodayFM
TodayFM

7:26 AM - 29 Apr 2015



The all-party Finance Committee will put the spotlight on Ulster Bank and Bank of Ireland this afternoon.

The Chief Executives of both institutions will face questions on a range of issues including mortgage interest rates and repossessions.

Last week the AIB Chief Executive was pushed by committee members on his bank's approach to setting interest rates on standard variable mortgages.

David Duffy denied the bank had been taking profit from customers with these homeloans, and hinted that they could be in line for a rate cut during the summer.

Today it's the turn of Ulster Bank and Bank of Ireland.

Once again, members of the Oireachtas Finance Committee will be grilling the CEO's on interest rates, respossessions, and their progress in tackling mortgage arrears.

Ahead of today's hearings, Committee Chairman Deputy Liam Twomey said issues like the banks' strategic priorities and lending to small businesses will also be discussed.



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