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Banking Sector

Dáil Éireann Debate, Thursday - 15 December 2022

Thursday, 15 December 2022

Ceisteanna (202)

Michael Lowry

Ceist:

202. Deputy Michael Lowry asked the Minister for Finance the dates of the board meetings of a bank (details supplied) that the independent non-executive director to the bank attended in 2021 and 2022 on his behalf; if the person submitted written updates to him on the themes covered during the board meetings; if the bank has discussed the possibility of making any of its branches cashless in 2023, in tabular form; and if he will make a statement on the matter. [62836/22]

Amharc ar fhreagra

Freagraí scríofa

I am advised by AIB that throughout the course of 2021 and 2022 Mr Raj Singh attended Board meetings on the following dates:

Year

Date

2021

28th January 2021

8th February 2021

17th February 2021

25th February 2021

4th March 2021

25th March 2021

29th March 2021

5th May 2021

27th May 2021

10th June 2021

24th June 2021

22nd July 2021

30th July 2021

26th August 2021

23rd September 2021

21st October 2021

11th November 2021

16th December 2021

2022

27th January 2022

24th February 2022

2nd March 2022

11th March 2022

31st March 2022

27th April 2022

4th May 2022

26th May 2022

13th June 2022

23rd June 2022

28th July 2022

29th September 2022

27th October 2022

17th November 2022

While Mr Raj Singh does not submit written updates on the AIB board meetings to me, I can confirm that Department of Finance officials meet with him at various points throughout the year. I would also point out that Department of Finance officials have access to all AIB board papers.

In relation to the possibility of AIB making any of its branches cashless in 2023, I received the below response from the Bank on this matter:

"Recognising the customer and public unease that the decision to remove cash from branches has caused, AIB announced earlier this year that it had withdrawn the proposed changes to its bank services. Additionally, on 14th September 2021 AIB Chief Executive Officer Colin Hunt, while attending the Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach noted regarding the plan: "It is off the agenda. It is not off the agenda for this month or this quarter of the year; it is off the agenda in perpetuity.’"

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