Banking

Ulster Bank to retain small number of staff in Ireland after closing

Most staff will eventually be made redundant, but exiting bank is giving workers as long as possible to find another job

A woman and a dog pass an Ulster Bank branch in Raheny, Dublin. AIB and Permanent TSB are taking over Ulster Bank’s old loan books when it leaves the market. Picture: PA

A small number of Ulster Bank employees will continue to work for the bank in the Republic of Ireland once it has shut its operations here, according to its chief executive.

Ulster Bank announced in 2021 that it will leave the Irish market. Over 600 staff are already due to move to AIB and Permanent TSB as the two companies take over Ulster Bank’s old loan books. Ulster had 2,200 employees here, and so far ...