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

2:55 pm

Photo of Aodhán Ó RíordáinAodhán Ó Ríordáin (Dublin North Central, Labour) | Oireachtas source

I would hope so. I know Mr. Brown has already made some comments about Priory Hall. The families involved in Priory Hall are clinging to every sentence from Mr. Brown. We had two different responses. The response from AIB was reasonably positive and said it would deal individually with families and that in a number of weeks it should have positive solutions for these families. It was disregarding the court case and everything else and said it would be generous, open and honest and try to find a solution for these families in the short term. This was welcomed by the families. The response heard earlier today was not as encouraging. We can easily say it can be done on a case-by-case basis and use the proper formal language or Ulster Bank can say that it is aware that the situation is unique and that it can find imaginative and positive solutions to it. Mr. Brown can give me the coal-face, strait-laced banker answer or he can give me something that the families will respond more positively to but it is over to him.

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