Is Ulster bank in the Republic a safe bet for a current account? UK regulated bank?

Is Ulster bank in the Republic a safe bet for a current account?

I'm worried about were to put my money at the moment and as a UK bank would it be safer to deposit into this bank?

If things go pear-shaped after the budget in December would this UK based bank be a safer bet?

Thanks in advance for responses

Moved from Banking, credit cards, etc to Deposits

UB is 84% owned by the UK government, but do your own research and then decide

There are 5 banks in Ireland that offer current accounts. 2 of them are foreign banks. Namely, NIB and Ulster Bank. I would think that they are both safer choices.