Banking
Banking lobby boss Brian Hayes demands answers over Ulster and KBC exits
The Banking and Payments Federation of Ireland said the regulatory burden and cost of doing business in Ireland are driving banks away
Policymakers need to answer for the exit of two major banks from Ireland over recent years, the industry’s lobby group has said.
Ulster Bank and KBC, two long-established lenders, announced in 2021 that they planned to quit Ireland in a major blow to the country’s already concentrated banking landscape.
Brian Hayes, the chief executive at the Banking and Payments Federation of Ireland, said significant questions over why the banks exited still needed to be answered ...
