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:
It depends on how one looks at it. We have put in £15 billion to cover the losses we have experienced in this market, which is still not completely normalised. While we have reduced considerably the legacy in commercial real estate lines that were on the books, we still have a little way to go in that regard. In addition, the mortgage market is not yet normalised.
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