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Green junior minister calls for pilot public banking project in midlands Pippa Hackett says such a scheme should be considered after KBC and Ulster Bank moves about 7 hours ago
A Government junior minister has said it is time to consider a pilot public banking project because of the lack of proper competition in the banking sector following the decisions of KBC and Ulster Bank to exit the Irish market. Green Party Minister of State for Land Use and Biodiversity Pippa Hackett said that “as it is clear that private banking is not serving us well it is time to reconsider our options”. ....
Laois should be part of new type of bank that could be tested in midlands says Green Party Minister Pippa Hackett says a report already exists for midlands local bank Reporter: ); ); Plans to create a Midlands Bank to pilot public banking in Ireland should be seriously considered according to the Laois Offaly based Minister Pippa Hacket. The Green Party Minister of State who sits at Government meetings was speaking following the announcement that KBC is to withdraw from the Irish market, on foot of a similar announcement from Ulster Bank and the closure of 88 branches of Bank of Ireland ....
19th April 2021 - Regina Doherty With two commercial banks set to exit the Irish market within weeks of each other, the Central Bank and the Department of Finance should seriously reconsider the introduction of European-style public banking, a Fine Gael Senator has said. Speaking following the announcement that KBC are in discussions to exit the Irish financial sector, Senator Regina Doherty said: “With reduced lending provider options for people and businesses, Ireland’s competitive offering in our banking sector is not where we would like it to be. “With the possible exit of KBC, on top of the exit of Ulster Bank, we will soon have just two commercial lenders and three mortgage lenders in this State. ....