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

Approximately 2,000 accounts of various sizes were transferred to the GRG. They were mainly commercial accounts which included commercial businesses that might have started to speculate on property in addition to their main business. What proportion is the 2,000 of the overall number? Some 1 million accounts were mentioned, but they include deposit, retail and credit cards accounts and so on. What volume of accounts was examined to find the 2,000 that were moved? Would it have been 20,000 or 80,000?

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