Oireachtas Joint and Select Committees

Thursday, 13 November 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of Banking Sector: Ulster Bank

11:15 am

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

It is interesting. They have apparently got some investors backing them to buy up very distressed mortgages. They are saying that they can keep pretty much everybody in their homes, either through restructuring or in the really difficult cases in some sort of mortgage-to-lease scheme.

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