Ulster is now flush enough to repay RBS
Bank has received more than €15bn of capital from parent company since 2008
Ulster Bank will be in a position to pay its parent company a dividend this year even as it sets aside cash to reimburse customers who were wrongly moved off tracker mortgages.
Ulster has received more than €15 billion of capital from the Royal Bank of Scotland (RBS) since 2008 to shore up its financial position.
The bank’s return to profitability means it is now in a position to begin making transfers back to RBS, according...
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