Michael Creed to meet with Ulster Bank CEO over loan sale
The sale announced by Ulster Bank last month sparked concern among farmers, small business owners and distressed mortgage borrowers all of which have loans in the €300m loan sale.
Ulster Bank defended the move, arguing it would strengthen the bank but Fianna Fáil finance spokesperson Michael McGrath called for the sale to be “urgently” frozen until the Dáil has a chance to review it. Mr Creed is now set to thrash out farmers’ concerns in a meeting with Ulster Bank chief executive Gerry Mallon in three weeks.
