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Fri, 3rd Aug 2012

Ulster Bank puts aside €35 million

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Ulster Bank's parent company has set aside 35 million euro to deal with the fallout from a technological problem in recent weeks.

It comes as Ulster Bank itself reports a substantial decrease in losses - which come in at 304 million euro for the second quarter of the year.

The bank says it's still seeing elevated levels of mortgage arrears - with around 10 per cent of its homeloans in some form of difficulty.

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