Oireachtas Joint and Select Committees

Thursday, 5 October 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Banking Sector in Ireland (Resumed): Ulster Bank

9:30 am

Photo of Kieran O'DonnellKieran O'Donnell (Fine Gael) | Oireachtas source

It is concerning that representatives of a group of the size of Ulster Bank are not able to answer these basic questions. If a person went into Ulster Bank for a loan, was asked about a property that he or she owned and said "I have no knowledge", the loan application would be refused on credibility grounds. Is it credible that Ulster Bank and Mr. Mallon, as CEO, would not be aware of a subsidiary company? It is not just a subsidiary but one that is incorporated in the Republic of Ireland. Mr. Mallon is CEO of Ulster Bank for both the Republic of Ireland and Northern Ireland, I presume.

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