Stephen Donnelly (Wicklow, Independent) | Oireachtas source

If that is what the Central Bank says and Mr. Bell has confirmation of that, I guess that when the Central Bank audits the bank's figures, it will show that the bank has hit them. I do not believe the legal letters meet the spirit of what the Government is trying to do here. I believe the real figure is 1,048, which is 6% rather than 20%. However, what Mr. Bell is saying is that Ulster Bank has clarified this with the Central Bank and it is saying that legal letters, which may result in repossession which nobody wants, count as offers of sustainable solutions to borrowers which means that Ulster Bank has met its targets. If this is the case, I would like to see the Governor of the Central Bank in here as soon as possible.