Oireachtas Joint and Select Committees

Wednesday, 6 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Michael D'ArcyMichael D'Arcy (Fine Gael)
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In terms of the numbers from the national Exchequer from the British Government for RBS, £46 billion was provided for RBS. Ulster Bank, the figure I had was €14.3 billion, you said €14.9 billion, but it was in that territory.

Ulster Bank's ratio of RBS was, you know, the figures I have '07, 3%, '08, 2%, '09, 3%, '10, 3%. It seems like a very large quantity of the funds that went into RBS found their way into Ulster Bank and yet Ulster Bank was a very small sector of RBS. Could you explain that please?