Dáil Éireann Debate, Tuesday - 16 October 2012
174. Deputy Pearse Doherty asked the Minister for Finance pursuant to the approval by the Competition Commissioner at the European Commission, of the State-aid provided to Bank of Ireland in 2009 and 2010, and specifically pursuant to paragraph 140 of the Decision N546/2009, if he will confirm the current market shares of Bank of Ireland in each of the four markets referred to in paragraph 140. [44281/12]
View answerAs the Deputy will be aware, the Bank of Ireland (BOI) was approved for State Aid under European Union Rules and the resulting decision was published as Decision number N546/2009 in the Official Journal of the European Union. The Decision was subject to BOI adhering to commitments as set out in the Annexes to the Decision. The commitment referred to in paragraph 140 concerns BOI providing a mail marketing service to a Relevant Competitor where the relevant competitor’s share of the market is less than 15% in at least one of the four markets for Relevant Products and BOI’s market share is above 30%.
The four Relevant Products and the most recent data available for BOI market shares are:-
|
PRODUCT |
MARKET SHARE* |
|
(i) Personal current accounts in Ireland |
35% |
|
(ii) Business current accounts in Ireland |
36% |
|
(iii) Personal & (iv) Business credit cards in Ireland |
34% |
* At February 2012
