Motion no: 25
Mindful of the fact that banks in the Republic of Ireland have returned to pro tability and that the banks in Northern Ireland are also returning to pro t. Acknowledging the role that bank staff have played over the past decade in restoring stability and con dence to our banking system. Recognising the vital role that bank branches play in the economic and social fabric of communities, especially our rural communities. Conference notes with dismay the number of bank branch closures announced in the past 12 months on the island of Ireland. Conference also notes the fact that many of these branches were pro table and the fact that the closure of branches has left some rural towns without access to any banking service. Conference is mindful of research that indicates the detrimental effect on investment, loan nance and jobs that arises in a locality following a branch closure. Conference also recognises the fact that many rural communities in particular are also deeply concerned about the future of their post of ce network, the availability of broadband and a number of other important issues that affect quality of life, connectivity and sustainability. This Biennial Delegate Conference of the Irish Congress of Trade Unions believes that: The right of access by citizens to nancial services is a priority for public policy That a forum on the future of banking and nancial services is urgently required to chart a strategic vision for the sector in both the Republic of Ireland and Northern Ireland. That vision should devise policies that promote a well-regulated, dynamic nancial services industry where staff have quality jobs and are entitled to be represented by trade unions. That the public cost of branch closures and withdrawal of services should be a priority for the forum. At a minimum the relevant authorities on both sides of the border should immediately seek commitments from all nancial institutions that where they operate the last bank in town that this institution will not be closed. That an independent, transparent and credible process of consultation with staff, other nancial service providers and community interests is engaged in before any future bank branch closure proceeds.
