Ulster Bank pays first dividend since 2008

Bank has received more than €15 billion from parent company RBS

25th November, 2016
Ulster Bank payment "milestone". Pic: RollingNews.ie

Ulster Bank has announced that it is to pay a dividend to its parent company Royal Bank of Scotland (RBS), its first pay-out since 2008.

In an announcement to the Irish Stock Exchange, the board of Ulster Bank Ireland DAC said it planned to make the €1.5 billion payment on November 30 to National Westminster Bank plc, which is ultimately owned by RBS.

It added that the required regulatory approvals for the payment had been received from...

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