Ulster Bank plans to sell hundreds of personal guarantees

Ulster Bank’s internal bad bank is working on plans to sell off hundreds of personal guarantees given by property investors and developers during the boom.

The personal guarantees being packed up in Ulster Bank’s RBS Capital Resolutions unit (RCR) to be sold on are thought to relate to about 300 individuals.

Cumulatively, the personal guarantees are believed to relate to hundreds of millions of euro.

Many of the country’s biggest developers, who signed ...