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:
I have already answered the question earlier. Most of the losses that we have experienced have been on commercial real estate. Over the past two to three years in particular, but before that, our exit strategy on those loans has been to take them to the market and either sell the loan or the underlying asset. With regard to the specifics on Siteserv we were not involved with it so I cannot answer that question.
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