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
Consider the level of compensation that the bank has paid. The total provision for the compensation of customers is close to €300 million. The amount of compensation individuals got was €20 million. Does the bank believe that is adequate compensation given the scandal? Ms Howard's apology on behalf of the bank was welcome. She was not in her position at the time of the events in question. Given what the bank did to the customers, is the level of compensation appropriate?
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