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Bankers to appear before Dail Committee

Tuesday, October 30 11:35:13

The Chairmen and Chief Executives from Irish Bank Resolution Corporation and AIB will appear before the Committee on Finance, Public Expenditure and Reform tomorrow.

On Thursday the Chairman and Chief Executive of Bank of Ireland will address the Committee on its operations and functions.

Ciaran Lynch, TD, Chairman of the Committee on Finance, Public Expenditure and Reform, said: "As part of the Committee's banking module, the chairmen and chief executives of IBRC and AIB will attend our meeting tomorrow and Bank of Ireland on Thursday where we will question them on the operations and functions of their respective banks."

"We will have a chance to get an overview of the current state of individual Irish banks and the banking sector in general. It will be a chance to tease out the latest developments in the sector, including the recapitalisation process, restructuring and rationalisation of the banks and examine how this may impact on branch numbers, staffing, customer service and lending. In the light of recent conflicting statements and reports on the incidence of bank lending to small and medium sized businesses, the Committee will be keen to establish the true position in relation to lending by financial institutions."

"The availability of credit is essential to business and the functioning of the economy and, as the Committee with responsibility for the banking sector, we are determined to ensure that there is a full airing of this issue, in the interests of all concerned."