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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