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Ulster Bank chiefs set to be grilled by Oireachtas committee

The bank has refused to say if its CEO will appear before the committee.
Jul 5th 2012, 7:10 AM 2,192 12

SENIOR FIGURES IN Ulster Bank are set to be grilled by the Oireachtas Finance Committee today as the bank continues to struggled to deal with major problems facing customers.

The bank refused to say whether CEO Jim Brown will appear before the committee.

A spokesperson said to that the bank has engaged with government “at its most senior level” but that it won’t comment on who will be appearing at the committee.

It is expected that the Ulster Bank representatives will make a statement about recent events before the floor is opened up to questions from the Oireachtas members. The committee is made up of 21 TDs and 6 Senators.

The committee yesterday met with Central Bank representatives who said that Ulster Bank must compensate anyone who incurred costs and charges because of the disruption.

“We know customers are frustrated and they are right to be,” Ulster Bank CEO Jim Brown said yesterday. Many customers are still experiencing delays in payments being received into their accounts, more than two weeks after the initial technical problem was identified on 19 June.

The meeting of the joint Oireachtas Committee on Finance, Public Expenditure and Reform starts at 2.30pm in Committee Room 4 in Leinster House and will be running a liveblog to follow events this afternoon.

Ulster Bank must compensate customers, says Central Bank >

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Christine Bohan


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