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
Kieran O'Donnell (Fine Gael) | Oireachtas source
I refer to pages 30 and 31 of the booklet that was handed out. The question is purely related to sales to vulture funds. We are getting a lot of feedback from individuals whose loans have now ended up with the various entities, Cerberus being the most high profile. I have a few housekeeping questions first. The loans sold on between 2014 and 2016 total approximately €13.7 billion. How much of that pertains to the Republic of Ireland and how much pertains to Northern Ireland? I can isolate three figures: €1.5 billion, €800 million, and €2.8 billion.
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