Ulster Bank aims to reduce its bad loans to 5pc of its portfolio from 10pc by next year. Ulster Bank aims to reduce its bad loans to 5pc of its portfolio from 10pc by next year. Ulster Bank has put aside funds to cover a potential fine from the Central Bank in respect of the tracker mortgage issue, however Mr Stanley refused to disclose the amount. Ulster Bank said the European Central Bank was not putting it under pressure to reduce its NPLs. “I won’t say that the EBC is putting direct pressure on us to reduce our NPLs,” Jane Howard, CEO of Ulster Bank, said.

Source: Irish Independent May 09, 2019 11:48 UTC