Banking

Donohoe asked to consider subsidies to keep bank branches open

The Minister for Finance last month chaired a discussion in Tullamore, Co Offaly on the future of retail banking in Ireland, at which the suggestion was made by participants

Paschal Donohoe, the Minister for Finance: set up Retail Banking Review last year as KBC and Ulster Bank departed the Irish market. Picture: Conor McCabe Photography

Paschal Donohoe was asked to consider state subsidies for banks to keep retail branches open at a recent industry forum.

The Minister for Finance last month chaired a discussion in Tullamore, Co Offaly on the future of retail banking in Ireland as part of a wider review of the sector.

The breakout session was attended by more than 40 participants representing banks, non-banking financial institutions, trade unions, government departments and the Central Bank of Ireland, ...