89 Deputy Derek Keating asked the Minister for Finance the reason a State-owned bank, PTSB, is charging its standard variable rate customers 6.5% APR which may be reduced to 5.9% after the ECB rate is implemented who are being funded in large part by the European Central Bank which is currently charging them 1.25%; if he has asked the board to review the interest rate charged; if he has asked the Central Bank of Ireland to assess the means by which PTSB sets SVRs; the reason rate charged by the State owned bank is higher than the rate charged by all the non-State owned banks including the Bank of Ireland, Ulster Bank and others; and if he will make a statement on the matter. [39516/11]

Summary

89 Deputy Derek Keating asked the Minister for Finance the reason a State-owned bank, PTSB, is charging its standard variable rate customers 6.5% APR which may be reduced to 5.9% after the ECB rate is implemented who are being funded in large part by the European Central Bank which is currently charging them 1.25%; if he has asked the board to review the interest rate charged; if he has asked the Central Bank of Ireland to assess the means by which PTSB sets SVRs; the reason rate charged by the State owned bank is higher than the rate charged by all the non-State owned banks including the Bank of Ireland, Ulster Bank and others; and if he will make a statement on the matter. [39516/11]

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• Banking Sector Regulation

  xml · EN · 13 December 2011

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