Ulster Bank phased withdrawal confirmed

Brendan Burgess

Brendan Burgess

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AIB and ptsb in talks to buy the mortgage book

ptsb in talks about retail and personal assets.

AIB has signed a Memorandum of Agreement about € 4 billion of commercial loans.

No compulsory redundancies this year.
 
Last edited:
Jane Howard on Morning Ireland

Phased withdrawal over a number of years.
Still offering a full banking service.
Existing customers need to take no action now.

Early discussions with ptsb and other full service banks.
 
Our preference is to work with the full service banks (rather than the investment funds.)

Rachael: But if it doesn't work out that way.

Howard: That is our priority
 
This might seem like a really stupid question, but do Ulster bank stop taking on new business? Like would they take on a mortgage switch application? If they are going to be around for years winding the bank down.

I'd have no problem switching to them for 5 years and they moving once the term was expired depending on what rate was offered by whoever took over.
 
PebbleBeach2020 said:
This might seem like a really stupid question, but do Ulster bank stop taking on new business? Like would they take on a mortgage switch application?
Click to expand...
Right now, nothing has changed. They are honouring all existing approvals, and still accepting applications, etc. But that could change over the coming months as an exit roadmap progresses.

Here's their FAQ:

Important Customer Notice

digital.ulsterbank.ie digital.ulsterbank.ie
 
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