Oireachtas Joint and Select Committees

Wednesday, 6 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Cormac McCarthy:

I think the total amount, if I'm not mistaken, Senator, is about €14.9 billion. Subsequent to that ... that was to the end of 2013 ... I believe Ulster Bank had write-backs of about €1.5 billion in 2014. So, the provisioning has been reduced so the capital may follow in time.

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