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
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
I am aware that the bank is not disclosing but it does not take a genius to figure out it has made a tiny provision for the Central Bank fine. If the money it has paid out so far to customers is €120 million and, as the delegates have said, if there is another €20 million approximately to pay out because 190 customers have not yet been contacted, and if there is €150 million for operational costs, then a tiny amount is left.
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