Oireachtas Joint and Select Committees

Thursday, 1 December 2016

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

Banking Sector in Ireland: Ulster Bank

9:30 am

Photo of Paul MurphyPaul Murphy (Dublin South West, Anti-Austerity Alliance)
Link to this: Individually | In context | Oireachtas source

Is it fair to say that the bank has a vested interest in property prices increasing, which is a reasonably likely consequence of these two changes and their interaction? The loan-to-value ratio for non-performing loans is 103%, which is a negative equity situation. The bank would benefit from an increase in property prices.