Thursday October 29, 2020

State contacts British Treasury over the future of Ulster Bank

Prospect of any merger is remote as other Irish banks cope with fallout from Covid-19

Ian Guider

Markets Editor

@ianguider
27th September, 2020
Ulster Bank: it’s feared that the bank’s operations in Ireland could be shut under a review by parent, the NatWest Group

The Department of Finance has contacted its British counterpart over plans by NatWest Group to review the future of its Ulster Bank subsidiary.

The department said that it engaged regularly with the British Treasury on various matters, but had made contact in recent days over the issue of the strategic review being carried out by NatWest on whether to shut Ulster Bank’s operations in the Republic. Officials from the department have also reached out to...

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