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 Rose Conway WalshRose Conway Walsh (Sinn Fein)
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I welcome the fact that the bank has committed to putting the 2,000 customers affected by the tracker mortgage debacle back onto to tracker mortgages by Christmas, or at the latest by early in the new year. The stress caused to customers in these cases contradict the line about the bank's integrity. To send out four letters stating the same things over a 12-month displays an arrogance and disregard for customers who have been loyal to Ulster Bank. This week the bank paid €1.5 billion to RBS and it has 9,183 family homes in arrears. What is the value of those arrears?