Wednesday 13 December 2017

Ulster Bank recovery


Rising residential house prices and debt management have resulted in lower arrears at Ulster Bank.

Parent group Royal Bank of Scotland (RBS) said loan losses this year in its Irish division will be €300m less than previously thought.

Analysts at Goodbody estimate the lender will generate profits of £500m (€641m) by the end of the decade, with returns on equity in the low teens.

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