Oireachtas Joint and Select Committees

Tuesday, 8 April 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Mortgage Arrears Resolution Process: (Resumed) Ulster Bank

3:10 pm

Mr. Stephen Bell:

As I mentioned in response to an earlier question, we have worked through the 14,231 cases that had been declared by the end of December. We have not been able to initiate some kind of discussion in approximately 2,350 cases. In all other cases, we are in negotiation with the customer, we are finalising an arrangement with the customer or we have unfortunately had to go down the legal route. I do not recognise the number cited by the Deputy. The precise number I have is 2,354.

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