Ulster Bank set to announce Irish exit

 

Ulster Bank is expected to announce today that it is exiting the Irish market, after 160 years.

Parent company NatWest met last night to consider a proposal to wind down the Irish operation.

An official announcement is expected to be made today, and 2,800 jobs are in jeopardy.

Ulster Bank has a 15 per cent share of the mortgage market here, but UCC economics lecturer Seamus Coffey expects that to end.