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

Mr. Andrew Blair:

I have been asked how many of the companies that were disposed of are still in operation today. I cannot know the answer to that question because we do not track what happens after a sale. The primary goal of the GRG when it was set up was to support customers. One cannot make unviable businesses viable through financial actions alone; they have to be viable in and of themselves. Ultimately, the bank made a strategic decision at both RBS and Ulster Bank level, with full oversight by everybody, including our partners.

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