SIMON CARSWELL, Finance Correspondent
THREE ULSTER Bank customers were accountable for a £294 million (370 million) enlarge in non-performing loans at Royal Bank of Scotland, the UK government-owned bank mentioned yesterday as it disclosed larger levels of financial highlight amid blurb skill borrowers inside of its Irish subsidiary's core division.
The cost of the P.C. glitch at Ulster Bank final summer increased by a serve £54 million (68 million), pulling the cost of IT disaster to £82 million (103 million), the quarterly results show.
This includes 52 million set in reserve to indemnify 750,000 customers opposite the island of Ireland who were not able to to access their accounts for about a month due to the error.
The complete ability taken is to IT meltdown that sealed hundreds of thousands of Ulster Bank, RBS and NatWest customers out of their accounts during June and July stands at 220 million.
RBS is awaiting "some extra costs" to the bank over the forthcoming months as it pays out on patron claims and expenses related with the P.C. glitch.
"In a stability severe environment, in that liberation from the organisation technology situation was a first focus, Ulster Bank delivered a somewhat softened financial performance," mentioned Ulster Bank arch senior manager Jim Brown in a statement.
Mortgage overdue at Ulster Bank rose as stagnation remained high, even though they were "exacerbated" by a "temporary disruption" to debt collections as a outcome of the P.C. error.
Operating losses at Ulster Bank's core business, that has loans of 40 billion, were 306 million, an alleviation of 4 million on the formerly quarter.
The lender, the third-largest sell bank working in Ireland, did not exhibit the working opening on a serve 16 billion of "non-core" loans earmarked for wind-down over time.
RBS reported a slack in souring loans at Ulster Bank. Total impairments on core and non-core loans were 621 million, down from 648 million in June.
Risky corporate loans in Ulster Bank's core section rose by 630 million in the entertain as a tiny number of large borrowers fell in to burden and had their loans restructured, RBS said.
RBS mentioned that more blurb skill loans had been changed in to "problem management".
Ulster Bank has taken supplies amounting to only over 22 per cent of 56 billion in loans.