Oireachtas Joint and Select Committees
Wednesday, 8 December 2021
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Withdrawal from Irish Banking Market: Engagement with Ulster Bank
John McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source
On the current and deposit account customers, as the bank negotiates the sale of its loans or mortgages and so on, does it enter into discussions, especially with the mainstream banks, as to whether they are interested in contacting customers or if they are willing to give the same terms and conditions as the customers have at present? Is that part of the conversation with the possible buyers of the loan books? Second, on going to market, I know the bank has to get the best price for its loan books, but does it have a preference in dealing with vulture funds or mainstream banks?
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