Oireachtas Joint and Select Committees
Tuesday, 19 June 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank
1:30 pm
Mr. Paul Stanley:
My understanding is that it will be. Certainty if it has had two forbearance treatments, yes, it is considered non-performing.
I will come back to the Deputy on the matter and confirm this with him, but my understanding is that if it is the second forbearance solution and one has been performing for a certain period - I think it is two years - one will come out of the non-performing loan category.
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