Oireachtas Joint and Select Committees
Thursday, 1 February 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Tracker Mortgages: Ulster Bank
9:00 am
Mr. Paul Stanley:
In respect of the €211 million provision that is in place, approximately a third is for the costs of running the programme and the balance is for compensation and remediation. The compensation piece would not have been part of money Ulster Bank made, but the balance would be. I do not know the exact breakdown of it, but that would give the Deputy a flavour of it.
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