Oireachtas Joint and Select Committees

Wednesday, 4 September 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of Financial Sector: Discussion with Ulster Bank

4:15 pm

Mr. Stephen Bell:

We have an agreement through the IBF that if Ulster Bank held an unsecured loan and Bank of Ireland held the mortgage, we would step back from any collection strategy on the unsecured loan to ensure the mortgage could be maintained. We think that is a very important principle for the return to normal performance of the market.

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