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

I accept that. We are dealing with people on a daily basis. Their main concern is that their loans have been sold on to vulture funds or else they fear their loans may be sold on. We understand the long-term solutions. In respect of the proposal submitted to the ECB and the Central Bank, has Ulster Bank identified an element that will involve the sale of non-performing loans to funds?

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