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

2:45 pm

Mr. Jim Brown:

At the time, the loans were given to customers based on reasonably expected financial circumstances, for example, in terms of employment, and the reality is that since the financial crisis, customers' financial circumstances have changed. Customers have lost their jobs. Their incomes have decreased as well. In hindsight, maybe in some cases one might not have.

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