Ulster Bank boss rules out debt forgiveness for customers

Ulster Bank chief executive Jim Brown has firmly ruled out debt forgiveness in the range of options it will offer customers to solve the mortgage arrears crisis.

"We do not support debt forgiveness,” he told the Irish Examiner following the release of the bank’s 2012 results.

“We are very confident that we can put in place an arrangement that meets the customers’ needs. We will work with customers on a case-by-case basis. We have a range of options and we will work with customers to resolve the issue, but debt forgiveness is not one of those options.”