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

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Let me put this point. Is it not the case that Ulster Bank sold to these vultures accounts of people who were both paying and engaging with the bank but who could not meet their full repayments, and they are now in the grips of the vultures, which are telling them to pay up within 30 days or they are taking the house and will sell the property with vacant possession, leaving their tenants high and dry? Is it not the case that they were both paying and engaging but, under Ms Howard's terms, the bank was not able to find a long-term solution so it decided to sell their accounts to the vultures?

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