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

Mr. Paul Stanley:

It is a return on the position we find ourselves in having gone through the restructuring process and everything else we described. We are now, in effect, the most capitalised retail bank in Ireland. We have significant capital ratios of 30%, and that money costs us and ultimately costs our customers, particularly in a low interest rate environment where excess cash and capital generate a negative return to the bottom line.