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:
That is correct. However, we continue to monitor the rate based on competition, clearly. Importantly, as we were saying a moment ago, it is also related to the cost of paying the mortgage. That is made up of a number of components, be it cost of funds, capital operating costs, mortgage arrears, credit losses, levies and so on.
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