Farmers call on bank to lift debt deadline

RBS-owned lender met with farmers over March 30 cut-off

20th March, 2016
Farming lobbyists are putting pressure on Ulster Bank Pic: RollingNews.ie

Farming lobbyists on both sides of the border have told Ulster Bank that it must lift a deadline of March 30 for borrowers to refinance their debts and avoid the sale of their loans to a vulture fund.

The RBS-owned lender, which is examining the disposal of a toxic loan book worth billions of euro secured on hundreds of farms and small businesses, met with the Irish Farmers’ Association and the Ulster Farmer’s Union last week....

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