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

Photo of Kieran O'DonnellKieran O'Donnell (Fine Gael) | Oireachtas source

Of the 6,500 non-performing loans on the bank's books, 3,600 are for homes and 2,900 are for buy to let properties. I would have thought that there would be more buy to let properties in this category but nearly 55% of non-performing loans are for homes. I would not put buy-to-let properties in the same category as homes. Is my assumption that there would be more buy-to-let properties in the non-performing loans category reasonable? In order to get to 5% by 2020, how many loans will Ulster Bank have to deal with and will they be dealt with in-house? Will they be restructured or will more of these loans be sold on to funds?

Comments

No comments

Log in or join to post a public comment.