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:

If we did not have a sustainable performance, it would be quite appropriate for the regulator to tell us that we are not in a position to pay back capital. That said, the dividend predominantly reflects the excess capital that was in the organisation.