Ulster Bank chief in Republic sees no crash-out Brexit house price slump

Ulster Bank chief executive Jane Howard said house prices will not crash in the Republic if Britain were to quit the EU without a deal at Halloween and that the bank was seeing no evidence of a loans slowdown.

She was speaking after Ulster Bank in the Republic unveiled “a modest profit” of €26m in the first six months after it had grown lending of both mortgages and corporate loans and had made moves to further strengthen its balance sheet and to reduce the burden of non-performing loans on its balance sheet.