Ulster Bank is reporting a substantial decrease in losses which come in at €304 million for the 2nd quarter of the year.
This figure fell by €81 million because of a reduction in mortgage impairment losses.
However the bank says it is still seeing elevated levels of arrears with around 10% of its mortgage loans in some form of difficulty.
The parent company of Ulster Bank – RBS – has made a provision of €35 million to deal with costs arising from the recent technological problems which left thousands of customers unable to access their accounts.
Thousands of customers were left without access to their accounts and the bank says it expects the cost of the incident will rise even further.
Newstalk’s Business Editor Ian Guider says its mortgage impairment figure was less than expected.
