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. Jim Brown:

I need to qualify this matter. Second, at year end last year, Ulster Bank took specific provisions to cover any legacy and residual issues.

With regards to write-downs and so on, it does not matter whether a customer is in negative equity because we will do the right thing by the customer in terms of rehabilitating them.

From an accounting perspective-----

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