Oireachtas Joint and Select Committees
Thursday, 9 May 2019
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Matters Relating to the Banking Sector (Resumed): Ulster Bank
Mr. Paul Stanley:
The €120 million has been paid out to 31 March. There have been some more payouts since then. I have explained before that, out of €297 million, there is roughly a 50:50 split between the costs of the examination from our side and the customer compensation and remediation. One can take from this that there is still an element of around €20 million or €30 million odd still to paid out from 31 March. That is a combination of some customers we have got to since that date and the 190 customers who, to date, we have been unable to contact. We have highlighted that in the response also.
No comments