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:
Residential mortgages are only a very tiny proportion of that figure. As I said earlier, there were around 900 residential mortgages. The figure of about 200,000 or 300,000 will give the Senator an idea of how many mortgages were involved. It is very little. The vast majority of portfolio sales, far in excess of 90%, related to commercial real estate, with some element of SMEs.
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