121 Deputy Peter Mathews asked the Minister for Finance if his attention has been drawn to the fact that, despite passing on the recent ECB interest rate reductions, Permanent TSB charges the highest standard variable rate mortgage; if his further attention has been drawn to the fact that Permanent TSB increased its standard variable rate four times between July 2009 and February 2011 even though the ECB did not adjust interest rates in this period; if his attention has been further drawn to the fact that this high interest rate is forcing some customers to restructure their mortgages and forcing other customers into arrears on their mortgages; his plans to ensure that banks cannot charge excessive rates on standard variable mortgages; and if he will make a statement on the matter. [1428/12]

Summary

121 Deputy Peter Mathews asked the Minister for Finance if his attention has been drawn to the fact that, despite passing on the recent ECB interest rate reductions, Permanent TSB charges the highest standard variable rate mortgage; if his further attention has been drawn to the fact that Permanent TSB increased its standard variable rate four times between July 2009 and February 2011 even though the ECB did not adjust interest rates in this period; if his attention has been further drawn to the fact that this high interest rate is forcing some customers to restructure their mortgages and forcing other customers into arrears on their mortgages; his plans to ensure that banks cannot charge excessive rates on standard variable mortgages; and if he will make a statement on the matter. [1428/12]

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• Banking Sector Regulation

  xml · EN · 11 January 2012

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