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 Gerry HorkanGerry Horkan (Fianna Fail)
Link to this: Individually | In context | Oireachtas source

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.