Consultation on Local Community Banking

The Programme for a Partnership Government commits the Department of Rural and Community development (formerly Department of Arts, Heritage, Regional, Rural and Gaeltacht Affairs) jointly with the Department of Finance to thoroughly investigate the German Sparkassen model for the development of local public banks that operate within well-defined regions. It also calls for the investigation of a new model of community banking that could provide a suite of banking services through the Post Office Network, such as the Kiwibank model in New Zealand, where the Post Office-owned bank provides a comprehensive suite of financial services, from personal loans and bank accounts to credit cards, business banking, and insurance.

The Department of Rural and Community Development conducted a consultation seeking the views of interested parties on the relevance of such models within an Irish context.

The consultation period ran from 2 March 2017 for 4 weeks and all submissions received are available to view below.

An Post

BRUI

CUDA

Fianna Fáil

Green Party

ILCU 

IPU

IRL

John Bolger

Joseph Glynn

Karen Jura

Kevin McSherry

Labour Party

PBFI

Rural Independent Group

Sinn Feín