Oireachtas Joint and Select Committees
Thursday, 18 January 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Tracker Mortgages: Central Bank of Ireland
9:30 am
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
With regard to the Ulster Bank figures, it is disappointing that 3,380 customers who were identified in September, with some having been identified at least a year before that, still have not been repaid. The banks will appear before us again and they have given us answers to prewritten answers. Ulster Bank is an outlier. The progress is absolutely appalling in comparison with PTSB and so on. It is just not acceptable. When we questioned the Minister as to why Ulster Bank is being given until the end of June to make sure all its customers have been paid back and compensated, he said it was the result of the systems the bank operates. Is the Central Bank of the view that the bank does not have the capacity to increase the level of compensation and redress beyond what it has identified because of the systems it operates?
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