Oireachtas Joint and Select Committees
Thursday, 13 November 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Overview of Banking Sector: Ulster Bank
11:25 am
Mr. Stephen Bell:
We are aware of the issue. Many of the purchasers of the commercial real estate assets are not Irish and not banks which are coming in with overseas money. We are aware that some of the banks are providing what we consider to be fairly generous lending terms for commercial real estate. These are certainly not terms we are interested in matching at this stage in the cycle.
No comments