Ulster Bank writes off £1bn in loans

[charitynjw]

http://www.bbc.co.uk/news/uk-northern-ireland-15589282

Ulster Bank has written off more than £1bn in loans in the first nine months of this year, figures have shown.
Ulster Bank, is part of the taxpayer-owned Royal Bank of Scotland Group, which has been affected by the property crash in Ireland, north and south.
£1,057m has been written off, compared to £785m in the same period last year.
The figures show it is still a major drag on the parent company as the division with the single biggest write-offs............

[ODC]

Re: Ulster Bank writes off £1bn in loans

http://www.bbc.co.uk/news/uk-northern-ireland-15589282

Ulster Bank has written off more than £1bn in loans in the first nine months of this year, figures have shown.
Ulster Bank, is part of the taxpayer-owned Royal Bank of Scotland Group, which has been affected by the property crash in Ireland, north and south.
£1,057m has been written off, compared to £785m in the same period last year.
The figures show it is still a major drag on the parent company as the division with the single biggest write-offs............

Makes my £1000 overdraft with them seem a pittance

[mr.ton]

Re: Ulster Bank writes off £1bn in loans

No doubt many bottom feeder DCA's will pick up from Ulster Bank and try to chase people for the money.

[charitynjw]

Re: Ulster Bank writes off £1bn in loans

Link to Angry Cat's thread

http://www.legalbeagles.info/forums/...ad.php?t=31528