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Many consumers who have their account with Ulster Bank or KBC have not opened a new account

Just 52% of consumers who have their main account with Ulster Bank or KBC have opened a new account. That’s according to new research from the Competition and Consumer Protection Commission. Both banks are leaving the Irish market in the coming months....

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07.30 2 Nov 2022

Many consumers who have their account with Ulster Bank or KBC have not opened a new account

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Newstalk Breakfast

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07.30 2 Nov 2022

Just 52% of consumers who have their main account with Ulster Bank or KBC have opened a new account. That’s according to new research from the Competition and Consumer Protection Commission.

Both banks are leaving the Irish market in the coming months. Kevin O’Brien Commission Member with the CCPC. Kevin, can you bring us through what is in this survey? Was it expected it would be as low as half at this stage?.