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The Minister for Public Expenditure Michael McGrath has said a pullout of Ulster Bank from the Irish market would be a very serious blow .
It comes as its parent company, Britain s NatWest, is meeting to decide the next move - with a formal announcement expected on Friday.
The company
The bank has a 15% share of the mortgage market here and employs 2,800 people.
It is thought the bank may appoint an agent to run off its loans, or it may sell its loan book. Ulster Bank is owned by London-based British bank NatWest. Picture by: Matt Crossick/PA Wire/PA Images