KBC do business lending and ptsb also offer it.Is it still the case that only AIB, BoI and Ulster do SME lending?
Losing one of three would not be good.
They are relatively small here. They are the dominant bank in the UK.@CiaranT but why are they not exting the North or UK there has to be something disfunctional in the irish financial landscape. Danske made the exact same move 6 years ago. I'd say even BOI or AIB might like to get out too except they are still handcuffed to the state
without a legacy of older workers with pension entitlements you mean, a brave new world alright.- Emerging app competition without legacy costs.
They are not closing in Northern Ireland though same story as Danske bank they also stayed in the North. It must be alot to do with none performing loans and being unable to repossess properties that are not paying the mortgage.
I reckon you have a copy of their internal reportI can see why RBS want to exit Ireland:
- Surplus deposits at negative rates.
- Costly legacy branch network.
- Lending slowing.
- Given the state of their IT systems, a merger with PTSB would be very costly and take many years to integrate.
- A merger with KBC was recently ruled out by KBC.
- Emerging app competition without legacy costs.
But exiting Ireland would take a long time, be costly and many resources. The article says the wind down would take 6 years. I bet it will take a hell of a lot longer.
Sad to see yet another bank likely to exit Ireland.
KBC do business lending and ptsb also offer it.
It should be the opposite; if you’re a Sterling business with Sterling exposure, having a foothold in Euroland should be a positive.
Why?
Let's say euro business is five per cent of their balance sheet. The fluctuates a lot with the exchange rate. Presumably there is other infrastructure that has to be maintained solely for a euro area presence.
If NatWest want to have a Euro presence, the ideal position for them would be to have a Euro banking licence, UB could provide same.
Not least I would have thought have an EU banking license would offer scope?It should be the opposite; if you’re a Sterling business with Sterling exposure, having a foothold in Euroland should be a positive.
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