Finance Committee to discuss banking charges with Central Bank and ISME

Ciarán Lynch, TD, Chairman of the Committee on Finance, Public Expenditure and Reform, said: “A recent survey of its members from business lobby group ISME not only found that half of applicants for credit were refused, but that 40% of respondents had increases in bank charges imposed. Tomorrow we will meet with representatives from ISME where we can hear in more detail about the issues many small businesses are experiencing in relation to bank charges. We will also meet with Central bank officials to get their perspective on the subject. Members will also have a chance to raise any issues or concerns they may have in relation to banking charges. While we recognise that banks must operate a sustainable business model, they must do so in a manner that reflects a healthy level of competition in the market.”

This meeting will start in Committee Room 4, Leinster House at 2pm on Wednesday, 17th April 2013.

Committee proceedings can be followed live at: http://www.oireachtas.ie/parliament/watchlisten/

For further information please contact:

Ciaran Brennan,
Houses of the Oireachtas,
Communications Unit,
Leinster House,
Dublin 2

P: +3531 618 3903
M: 086-0496518
F: +3531 618 4551

Committee Membership

Deputies

Richard Boyd-Barrett, People Before Profit
Michael Creed, Fine Gael
Pearse Doherty, Sinn Fein
Stephen Donnelly, Independent
Timmy Dooley, Fianna Fáil
Sean Fleming, Fianna Fáil
Simon Harris, Fine Gael
Joe Higgins, Socialist Party
Heather Humphreys, Fine Gael
Kevin Humphreys, Labour Party
Peter Mathews, Fine Gael
Mary Lou McDonald, Sinn Fein
Ciarán Lynch, Labour Party (Chairman)
Michael McGrath, Fianna Fáil
Dara Murphy, Fine Gael
Kieran O’Donnell, Fine Gael
Aodhán O Ríordáin, Labour
Arthur Spring, Labour Party
Brian Stanley, Sinn Féin
Billy Timmins, Fine Gael
Liam Twomey, Fine Gael

Senators

Sean D Barrett
Thomas Byrne
Paul Coghlan
Michael D’Arcy
Aideen Hayden
Tom Sheahan