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 terms of an estimate, €211 million is our provision that we have in place. Some 30% of that is for costs of the projects. Some of the banks put them in; some other banks do not. We are talking about €170 million or €180 million of which compensation - the banks did not benefit from compensation - will be an element of that. The rough estimate would be in the €100 million to €120 million range.

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