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Transfer of Ulster Bank's NI business cleared by Belfast court


 
The transfer of Ulster Bank’s Northern Ireland business to parent company NatWest has been approved at the High Court in Belfast.
A judge gave permission for the scheme after confirming all legal requirements were met and identifying no adverse impact on the few objectors.
Mr Justice McFarland confirmed: “I will therefore sanction the transfer scheme.”
Ulster Bank made the court application in advance of the planned May 3rd switchover date. The transfer of the Northern Ireland business to NatWest is aimed at simplifying its structures.
Customers will not see any changes to everyday services, with Ulster Bank’s branding and branch network being maintained. ....

United Kingdom , Northern Ireland , City Of , Justice Mcfarland , Ulster Bank Ireland , Financial Services , Ulster Bank Northern Ireland , Ulster Bank , Natwest Group , Ulster Bank Ltd , High Court , Markets Act , ஒன்றுபட்டது கிஂக்டம் , வடக்கு ஐயர்ல்யாஂட் , நகரம் ஆஃப் , நீதி மக்‌ஃபார்‌ல்யாஂட் , அல்ஸ்டர் வங்கி ஐயர்ல்யாஂட் , நிதி சேவைகள் , அல்ஸ்டர் வங்கி வடக்கு ஐயர்ல்யாஂட் , அல்ஸ்டர் வங்கி , அல்ஸ்டர் வங்கி லிமிடெட் , உயர் நீதிமன்றம் , சந்தைகள் நாடகம் ,

NatWest : to Exit Irish Market; 4Q Operating Pretax Profit Plunges -- Update


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NatWest reported a drop in operating pretax profit and swung to a pretax loss for the fourth quarter of 2020, but beat market expectations
The U.K. bank has decided to abandon the Irish market after reviewing its Ulster Bank business
NatWest set new targets, including cutting costs during the next three years
By Sabela Ojea
NatWest Group PLC on Friday reported a significant fall in operating pretax profit, and said that it has begun a phased withdrawal from the Republic of Ireland.
The FTSE 100-listed lender said it has conducted a review into Ulster Bank that has concluded it won t be able to generate sustainable long-term returns for its shareholders. The exit will take place over the coming years. ....

Republic Of Ireland , Sabela Ojea , Allied Irish Banks , Ulster Bank , Ulster Bank Ltd , Group Holdings , Natwest Group , Northern Ireland , Dow Jones , Natwest Group Plc Stock Exchange , Press Release , The Nwg Gb00b7t77214 , குடியரசு ஆஃப் ஐயர்ல்யாஂட் , கூட்டணி ஐரிஷ் வங்கிகள் , அல்ஸ்டர் வங்கி , அல்ஸ்டர் வங்கி லிமிடெட் , குழு ஹோல்டிங்ஸ் , வடக்கு ஐயர்ல்யாஂட் , டோ ஜோன்ஸ் , ப்ரெஸ் வெளியீடு , கவலையற்ற மனநிலை ,

NatWest to Exit Irish Market, Resumes Dividend Despite 4Q Profit Drop — 2nd Update


Provided by
Dow Jones
Feb 19, 2021 8:54 AM UTC
NatWest reported a drop in operating pretax profit and swung to a pretax loss for the fourth quarter of 2020, but beat market expectations
The U.K. bank has decided to abandon the Irish market after reviewing its Ulster Bank business
NatWest set new targets, including cutting costs during the next three years, and plans to resume dividend payouts
By Sabela Ojea
NatWest Group PLC on Friday said that it has begun a phased withdrawal from the Republic of Ireland, as it reported a significant fall in operating pretax profit but resumed dividend payments. ....

Republic Of Ireland , Sabela Ojea , Allied Irish Banks , Ulster Bank , Dow Jones Company Inc , Ulster Bank Ltd , Group Holdings , Natwest Group , Northern Ireland , Dow Jones , குடியரசு ஆஃப் ஐயர்ல்யாஂட் , கூட்டணி ஐரிஷ் வங்கிகள் , அல்ஸ்டர் வங்கி , டோ ஜோன்ஸ் நிறுவனம் இன்க் , அல்ஸ்டர் வங்கி லிமிடெட் , குழு ஹோல்டிங்ஸ் , வடக்கு ஐயர்ல்யாஂட் , டோ ஜோன்ஸ் ,