“Meeting with KBC Senior Management today will be constructive but forthright,” Mattie McGrath

Press Release



Independent TD Mattie McGrath has confirmed he will be meeting at 2pm today with senior representatives from KBC Bank along with Independent colleagues Michael Collins and Carol Nolan as well as Jerry Beades of The New Land League. Deputy McGrath was speaking ahead of the meeting that follows on from his occupation of KBC Bank premises in Lower Baggot Street, Dublin, in late December:


“We took part in the peaceful protest in December in order to receive assurances from the KBC CEO, Wim Verbraeken, that senior management would meet with us to discuss our concerns. Happily, we achieved that outcome.


What we will be looking for today is substantive follow up on those concerns, specifically the manner in which accounts in mortgage distress are being dealt with.


As we said at the time, many of the customers we are dealing with really feel like they are being driven to the brink in terms of the aggressive and relentless debt collection strategies that are being employed.


There has to be explicit policy recognition that where people are making genuine efforts to repay their debts, breathing space is then afforded to them.


All of us are receiving an increasing number of calls and correspondence related to mortgage distress, the sale of loan books and fears around changes to restructured agreements.


We look forward to today’s meeting and hope that it will produce some worthwhile commitments for all concerned,” concluded Deputy McGrath.




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