Last week, I wrote a post about the appearance of AIB and Bank of Ireland executives before the Oireachtas Committee on Finance and the Public Service. A transcript of the appearance is available here. They refer to submissions that the banks gave to the committee but which are not on the Oireachtas website.
The Committee’s staff have kindly made these submissions available to me on request. Here is the AIB submission and here is the Bank of Ireland submission. The AIB submission is particularly interesting because of its focus on funding costs and margins. Somewhat depressingly it states that “Our pricing guidelines could lead to a customer being charged 4% to 5% over Euribor.”