Sunday July 12, 2020

Ulster Bank to pay dividends to RBS

Bank made a payment of €1.5 billion last month

Ian Guider

Markets Editor

11th December, 2016
Ulster bank head offices in Dublin

Ulster Bank intends to make regular dividend payments to its parent company, the Royal Bank of Scotland, as the lender continues to recover.

The bank last month made a payment of €1.5 billion to RBS. At an investor event in London last Friday, chief executive Gerry Mallon said Ulster intends to return more of the capital it has received now that the bank has returned to profitability.

“It’s time to release and unlock more of...

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