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

They obviously varied hugely in size, from relatively small high street shops to large property speculators and so on. Of the 60,000 loans, 7,000 were non-performing. Of those 7,000, 2,000 were moved to the GRG. Of those 2,000, 95% did not remain with Ulster Bank. Perhaps the delegates know at this stage what happened to the 95% that did not remain with Ulster Bank when they were moved to a vulture fund or other funds. Do they have any idea if half of them survived or if 90% did not?

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