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EXECUTIVES FROM three banks in which the State has a full or partial stake are to appear before an Oireachtas committee next week to answer questions on the functioning and operation of their institutions.
The Oireachtas committee on Finance, Public Expenditure and Reform will sit twice next week, despite both the Dáil and Seanad being on recess for the week.
Representatives from the Irish Bank Resolution Corporation, the combined Anglo and Irish Nationwide, will attend on Wednesday morning while their counterparts from AIB are due to appear that afternoon.
The chairman and chief executive of Bank of Ireland will then appear to take questions from members on Thursday morning.
Committee chairman Ciaran Lynch (Labour) said members would use the opportunity to question the executives on the operations and functions of their respective institutions.
“It will be a chance to tease out the latest developments in the sector, including the recapitalisation process, restructuring and rationalisation of the banks and examine how this may impact on branch numbers, staffing, customer service and lending,” Lynch said.
“In the light of recent conflicting statements and reports on the incidence of bank lending to small and medium sized businesses, the Committee will be keen to establish the true position in relation to lending by financial institutions.”
The news comes on the day that AIB permanently closed 44 of its branches across the country as part of cost-cutting measures.
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My heart hurts reading this.
That beautiful photo of mother and son makes this story all the more harder.
Was talking to colleagues today about this. Saddest story I’ve heard in many a long day. God comfort that family.
Such a tragic story – rip to a lovely mother & beautiful baby boy.
Such a horrible tragedy. My heart goes out to the family. The unimaginable grief they had to go through.
This women didn’t have to die, when does accountability become involved?
This is one of the saddest stories I’ve read in recent times, after reading it I will stay by my partners side if we have a 2nd child until she is discharged. I hope her husband and kids got all the support they need.
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