Bank of Ireland's half year profits hit €1 billion rte.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rte.ie Daily Mail and Mail on Sunday newspapers.
One has to wonder whether NatWest bosses, or indeed its shareholders, ever regret exiting the Irish market. As it mothballs the old Ulster Bank in the Republic
NatWest's Ulster bank to sell €7.6bn of assets to Irish bank Permanent TSB cityam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cityam.com Daily Mail and Mail on Sunday newspapers.
Natwest sells Irish commercial lending business to AIB msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
The surprise announcement that Belgian lender KBC is poised to exit the Irish market is a further blow to competition in the retail banking sector, just eight weeks after NatWest confirmed that it would wind down Ulster Bankâs operation in the Republic. KBC has signed a memorandum of understanding with Bank of Ireland to sell all of its performing loan assets and liabilities. Its non-performing loans will be dealt with separately, presumably in a fire sale to a so-called vulture fund. KBC has operated in the Republic since 1978. The bank has â¬8.9 billion of performing loans and â¬1.4 billion of impaired loans, mainly mortgages, according to figures for the end of last year. It has a 12.6 per cent share of the mortgage market and 1,400 employees. Staff and customers will be worried about what lies ahead.
Nat West has a moral responsibility to ensure that Ulster Bank loans go to pillar banks says IFA 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.
IFA president Tim Cullinan Irish Farmers’ Association (IFA) president Tim Cullinan has said NatWest must make a commitment that Ulster Bank’s loan book will go to ‘pillar’ banks that can offer a full service to customers. It follows the announcement today (Friday, February 19) that NatWest Group will wind down Ulster Bank in the Republic of Ireland following a phased withdrawal. It is estimated that there are 10,000 farmers with borrowings from Ulster Bank, and a further 10,000 availing of current account facilities. An agreement for the potential sale of Ulster Bank’s commercial loan book to AIB has been reached, but is subject to approval and further negotiation.