Bank of Ireland will today deny it's using reduced footfall during pandemic as an excuse to close branches
It will appear before the Oireachtas finance committee to explain why it's shutting 88 branches in September.
The bank will say footfall at these outlets has dropped by 60 per cent since 2017.
It will say we have reached an 'inescapable tipping point' - with people switching to online banking.
Sinn Féin's finance spokesman, Pearse Doherty, is dismissing the comments:
"They used COVID last year and did a dry run when they suggested during the first wave of the COVID restrictions that the closure of the same amount of branches, was only in relation to the pandemic. Fast forward nine months later and we find that nearly to a bank, these are the ones that are earmarked for permanent closure despite all of the reassurances we got from the banks that this was temporary, And so, I don't believe this at all."
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