I wish to highlight that as Minister for Finance, I have no role to play in commercial decisions made by any bank, including product pricing and fee structures. This applies equally to the banks in which the State has a shareholding. Decisions in this regard are the sole responsibility of the board and management of the banks which must be run on an independent and commercial basis.
The independence of the banks is protected by Relationship Frameworks which are legally binding documents and which cannot be changed unilaterally. These frameworks, which are publicly available, were insisted upon by the European Commission to protect competition in the Irish market. The Relationship Frameworks for AIB and BOI can be found at the following links:
https://assets.gov.ie/5905/220119170216-48b36141fde24091b6038e380bdf53a7.pdf.
https://assets.gov.ie/5902/220119165518-368886e707b94e0dbbc758784b38c9ad.pdf.