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
Gerry Horkan (Fianna Fail)
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One could make the point that the bank is still paying its €1.5 billion dividend to its parent organisation, so it is not making the bank unprofitable. It is simply making the bank less profitable than it otherwise would have been.