Oireachtas Joint and Select Committees

Tuesday, 19 June 2018

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank

1:30 pm

Mr. Paul Stanley:

It would if the payments resulted in a sustainable forbearance solution that addressed the outstanding balance. We can do term extensions and capitalisation but in the forbearance solutions we list, the outstanding balance would be cleared. Of course we would deal with such customers. It would not be a write-down value.