Oireachtas Joint and Select Committees
Wednesday, 29 April 2015
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Overview of the Banking Sector in Ireland (Resumed): Ulster Bank
2:00 pm
Mr. Jim Brown:
We have been deleveraging what we call our RBS capital resolution portfolio. It is our mini-NAMA equivalent. That is all but completed. We started at the end of 2014 at approximately £4.8 billion. We are in a closed period and therefore I cannot tell the committee the exact amount now, but a considerable portion of that has been resolved. We expect that the vast majority of that £4.8 billion will be resolved before the end of this year.
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