Ulster Bank reduces arrears book

The removal of the Dunne judgment prohibiting banks from repossessing homes has helped Ulster Bank convince customers in arrears to engage with the bank.

The bank has bucked the trend in managing to reduce the number of borrowers in arrears of 90 days or more, every month since March last year.

Ulster Bank chief risk officer Stephen Bell said that new systems and attractive customer solutions have helped that bank to reduce its arrears book.