Ulster Bank to sell 6,500 loans, committee will hear

Some 6,500 non-performing mortgage loans at Ulster Bank, with a face value of €1.6bn, are to be sold off, the bank will say today.

Ulster Bank to sell 6,500 loans, committee will hear

Of that, 3,600 of the non-performing loans relate to private dwelling homes as opposed to buy-to-let properties.

The bank’s senior management team, led by interim CEO Paul Stanley, will appear before the Oireachtas Finance Committee today to face questions about its intended sale of mortgages as well as its mishandling of its tracker mortgage customers.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €130 €65

Best value

Monthly €12€6 / month

More in this section

Lunchtime News

Newsletter

Keep up with stories of the day with our lunchtime news wrap and important breaking news alerts.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited