Ulster Bank likely to peg tracker cost at €211m
In an earnings release of its parent RBS, the lender gave no hint that it would increase its provision for ‘legacy’ issues it established some time ago. Ulster Bank had said that it had identified 3,500 customers whom it had wrongly moved from tracker rates, and had so far compensated 100 customers.
According to the RBS figures, Ulster Bank in the Republic generated income of £150m (€168.6m) in the three months to the end of September and earned an adjusted operating profit of £41m.
