Business banking with Ulster Bank
- Thread starter Catwoman
- Start date
Hello,
At the moment, the plan is that medium and large business customers, will go to AIB.
Smaller business customers with various credit lines below €50,000, and those with no credit lines, will likely go to PTSB.
Based on what we've heard to date, it's likely that there won't be any change this year, and perhaps not until well into next year.
As for deposits, banks won't be particularly interested in them (although PTSB may need some, to help them take on the proposed slice of the Ulster Bank business). Odds are, you'll be given 60 days to move your funds from Ulster Bank, and close your account. However, again, this isn't likely to happen for quite a while yet.
At the moment, the plan is that medium and large business customers, will go to AIB.
Smaller business customers with various credit lines below €50,000, and those with no credit lines, will likely go to PTSB.
Based on what we've heard to date, it's likely that there won't be any change this year, and perhaps not until well into next year.
As for deposits, banks won't be particularly interested in them (although PTSB may need some, to help them take on the proposed slice of the Ulster Bank business). Odds are, you'll be given 60 days to move your funds from Ulster Bank, and close your account. However, again, this isn't likely to happen for quite a while yet.
HollowKnight
Registered User
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RTE news : AIB to buy €4.2 billion of Ulster Bank commercial loans
www.rte.ie
AIB to buy €4.2 billion of Ulster Bank commercial loans
AIB has agreed a deal to buy about €4.2 billion of performing corporate and commercial loans from Ulster Bank.