Ulster Bank eyes tracker mortgage redress clarity by year end

Speaking yesterday, on the back of a relatively positive set of half-year results, Ulster’s chief executive for the Republic Gerry Mallon said that the bank is at a very early stage in the process — moreso than the other major banks — and it remains too early to know how many customers are affected.
He said the €118m provision — announced yesterday — should be sufficient, but there is scope for the total to go “either way”, adding that a clearer picture should emerge by the end of the year.