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

Ms Jane Howard:

The reason I described it in that way is because the UK will have its set of circumstances for Brexit, some of which will be similar to what is here in the Republic of Ireland while others will be quite different. What we in the Republic of Ireland are concerned about is our customers, who will face different challenges. Some of our customers export to the UK while others use it as a land bridge. Depending on what happens with Brexit, and none of us knows what will happen, we need to support those customers. Some of them will want to change their business model. Some are capable of doing that while others are not. Our focus will be on helping our customers in the Republic of Ireland. The reason I express it that way is because there will be a different set of circumstances in the UK. Does that explain it?

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