Oireachtas Joint and Select Committees

Thursday, 13 November 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of Banking Sector: Ulster Bank

10:15 am

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

With regard to Mr. Brown's answer to the question on mortgage arrears in the questionnaire, Ulster Bank has almost 4,700 customers whose principal dwelling houses are the legal area of voluntary surrender or assisted voluntary sale. That seems to be a high number of loans that the bank is pursuing, which will result in the loss of these homes in many cases.

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