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 Gerry HorkanGerry Horkan (Fianna Fail) | Oireachtas source

Can we get a breakdown of the figure of 1,000, if possible? To how many has the bank written and how many have responded? Is it 400, 600 or 950? Perhaps Ulster Bank might then think about engaging in an advertising campaign asking the wider public if they were Ulster Bank mortgage holders who switched their accounts and stating they might have been affected by the tracker mortgage issue. It is one thing if the number only comes to 50, but it could be half or three quarters of the total. Even if only one family have been affected - we have heard about many cases, as the Chairman mentioned - that family are still entitled to redress. Ulster Bank would be chasing them if they owed it money. They are entitled to be aware of this issue. It is clear that some of them must not be if the bank has not yet contacted them.

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