Bank branch closures in Clare
I raised the appalling treatment by Bank of Ireland of its customers in Miltown Malbay, Kilkee and Tulla with the Interim CEO of Bank of Ireland at the Oireachtas Finance Committee.
I raised the appalling treatment by Bank of Ireland of its customers in Miltown Malbay, Kilkee and Tulla with the Interim CEO of Bank of Ireland at the Oireachtas Finance Committee.
The interim CEO of Bank of Ireland admitted to me at the Oireachtas Finance Committee that KBC’s former customers will be charged a lower variable rate than the bank’s own customers.
I questioned the Minister for Finance on the emerging duopoly in the Irish banking sector.
The Central Bank has questions to answer following the closure today of three Clare Bank of Ireland branches and more than 80 others across the country.
Bank of Ireland informed me today it will continue to provide an ATM service in Kilkee after the local branch closes. I have asked bank officials to reconsider their decision to close the ATM in Miltown Malbay.
I am shocked to learn the Central Bank Governor did not request a meeting with the Bank of Ireland CEO following BOI’s notification to the Central Bank of its plans to close 88 branches, given its impact on banking on Ireland and banking services in the affected communities.
Clare Independent T.D. Michael McNamara has received confirmation from the Bank of Ireland that it will continue to provide an ATM service in Kilkee after the local branch closes.
Read MoreBank of Ireland has let down customers and communities across Clare and across Ireland.
Clare Independent T.D. Michael McNamara says Bank of Ireland’s decision to close its branches in Kilkee, Miltown Malbay and Tulla and at 85 other locations throughout the Republic of Ireland underpins the financial sector’s push towards online banking at the expense of many people in rural Ireland.
Read MoreDuring the Dáil COVID-19 Committee meeting today, I questioned the Governor of the Central Bank of Ireland on banking practices around personal and business loan approvals.