The withdrawal of Ulster Bank and the potential withdrawal of KBC Bank Ireland (KBC) from the market as well as the decision by Bank of Ireland to close 88 branches in the Republic of Ireland and the decision by AIB to close a smaller number, are regrettable, particularly for their customers and staff and they represent unfavourable developments for the Irish banking market.
As the Deputy will be aware, decisions in relation to the disposal of property are the sole responsibility of the board and management of the individual banks, which are run on an independent and commercial basis and as Minister for Finance, I have no role in such decisions. The independence of banks in which the State has a shareholding is protected by Relationship Frameworks which are legally binding documents that cannot be changed unilaterally.
Notwithstanding this, I would encourage any local or community groups with an interest in acquiring a particular property to express their interest to the relevant bank.