Oireachtas Joint and Select Committees
Thursday, 13 November 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Overview of Banking Sector: Ulster Bank
10:25 am
Mr. Jim Brown:
I will come to that. It also reflects differences in the cost of credit between Northern Ireland and the Republic, and the cost of bringing a resolution to non-performing loans is significantly higher in this market as well.
In terms of the net interest margin, I have told the committee previously that there must be in excess of 2.5% for all banks across the sector if the banking sector is to make a reasonable return in this market.