Oireachtas Joint and Select Committees

Wednesday, 19 October 2022

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Withdrawal from Irish Banking Market (Resumed): Engagement with Ulster Bank and KBC Ireland

Ms Jane Howard:

Ultimately, we will have to do a non-performing loan sale. We have said we will endeavour to do that towards the end of next year. Those customers whose loans are non-performing still have their protections in place today but that time will come. We have tried to help as many customers as possible to reach performing status but those who cannot get back to that status will ultimately form part of a non-performing loan sale.

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