VULNERABLE WILL SUFFER ARISING FROM BANK BRANCH CLOSURES: SMITH

12 March 2021 No Comments by The Northern Standard

Fianna Fáil TD for Cavan Monaghan, Brendan Smith, has said vulnerable people will suffer arising from the recent decision of the Ulster Bank and Bank of Ireland to close branches in towns across the constituency.

Speaking in the Dáil last week, Deputy Brendan Smith stated: “The Financial Services Union made the very strong point that the Bank of Ireland decision will result in the removal of vital services from elderly people, those with no internet access, those who lack confidence in doing business online, and people with literacy and numeracy problems. The decision is a hammer blow to staff, customers and communities.”

The announcement by the Bank of Ireland on Monday last will result in the closure of Monaghan branches in Clones and Castleblayney, as well as Cootehill, Kingscourt, and Arvagh in Co. Cavan. The Ulster Bank said it would be making a gradual withdrawal from the Republic, resulting in the closure of the Monaghan branch and three in County Cavan. Deputy Smith said these banking decisions..

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