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

3:50 pm

Mr. Stephen Bell:

In the event of a sale, we would return any surplus to the customer. We would simply have a lower asset. There would be no impact on the capital because there would be no write-down to us. It would simply be a sale.

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