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 do not have that information with me. We have a good idea of exactly how much of this was agribusiness and the rest. As the Senator maybe aware, the rest includes a significant number of primary businesses, including agricultural enterprises, to which an undertaking to buy a piece of land or a property as an investment was attached. When property prices fell, it was that which created the burden on what was previously a profitable business.

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