Oireachtas Joint and Select Committees
Thursday, 1 December 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Sector in Ireland: Ulster Bank
9:30 am
Paul Murphy (Dublin South West, Anti-Austerity Alliance) | Oireachtas source
Is it fair to say that the bank has a vested interest in property prices increasing, which is a reasonably likely consequence of these two changes and their interaction? The loan-to-value ratio for non-performing loans is 103%, which is a negative equity situation. The bank would benefit from an increase in property prices.
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