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Ulster Bank glitch costs 103 million

Ulster Bank"s revealed the IT glitch that hit customer accounts during the summer has cost them f...
Newstalk
Newstalk

11.45 2 Nov 2012


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Ulster Bank glitch costs 103 m...

Ulster Bank glitch costs 103 million

Newstalk
Newstalk

11.45 2 Nov 2012


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Ulster Bank"s revealed the IT glitch that hit customer accounts during the summer has cost them far more than expected.

It was originally thought it would be around 35 million euro - but it"s now reached 103 million.

52 million euro in compensation has been paid out to customers after 750 thousand of them were unable to access their accounts.

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The details were revealed in results released by the bank today - our Business Editor Ian Guider has been looking at the rest of the figures:


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