Ulster Bank has announced a phased withdrawal from the Irish market The bank s wind down will take place over a number of years, with no immediate change for customers.
In a statement, Ulster Bank says it s made a non-binding agreement with AIB for the sale of €4 billion worth of performing commercial loans.
It s also in early discussions with Permanent TSB regarding other parts of the business.
Announcing the phased withdrawal, Ulster Bank Chief Executive Officer, Jane Howard said:
“The decision by NatWest to withdraw from this market is hugely disappointing and today will be a difficult and worrying time for our colleagues across the Bank. It may also lead to customer questions and concerns as to how this decision may impact them and their day-to-day banking needs.
Ulster Bank Announces Withdrawal From Irish Market
todayfm.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from todayfm.com Daily Mail and Mail on Sunday newspapers.
Ulster Bank confirms it is pulling out of Irish market after 160 years
leitrimobserver.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from leitrimobserver.ie Daily Mail and Mail on Sunday newspapers.