Ulster Bank To Leave Ireland In Phased Withdrawal

Ulster Bank has announced a phased withdrawal from the Irish market.

The bank's wind down will take place over a number of years, with no immediate change for customers.
In a statement, Ulster Bank says it's made a non-binding agreement with AIB for the sale of 4 billion euro worth of performing commercial loans.
It's also in early discussions with Permanent TSB regarding other parts of the business.
 

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