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:

Profitability is still not yet normalised. As the bank noted in its results, a considerable amount of the profitability for last year came through write-backs. If one looks at the profit before losses, it is still not normalised.

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