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European-style public banking needed in Ireland- Doherty


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. ....

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