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

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9:30 am

Mr. Andrew Blair:

In these circumstances, the contractual agreement is between the lender and the borrower. We were the lender. The new lender becomes the lender, and the terms of that agreement between the lender and the borrower does not change.

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