Bank bosses warned account switch mustn’t affect customer credit ratings
Central Bank met executives to find ways to avoid borrowers missing payments on loans when transferring accounts from KBC or Ulster Bank
Bank chief executives have been told to plan for any potential issues the transition of customers’ accounts to new lenders could cause to the country’s credit register.
The Central Bank of Ireland (CBI) called the heads of the country’s five main retail banks to a roundtable event last week as lenders step up their preparation for the departure from the market of Ulster Bank and KBC Bank Ireland next year.
Derville Rowland, the director general ...