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Finance Minister meeting Ulster Bank management over concerns it might close

Oct 21, 2020 12:10 By News Northern Sound
Finance Minister meeting Ulster Bank management over concerns it might close Finance Minister meeting Ulster Bank management over concerns it might close
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The Finance Minister is meeting representatives from Ulster Bank today over its future in Ireland. It follows concerns the bank's Irish operations could be

The Finance Minister is meeting representatives from Ulster Bank today over its future in Ireland.

It follows concerns the bank's Irish operations could be closed down.

Ulster Bank employs around 2,400 people across the country and has 88 branches nationwide, including in Cavan and Monaghan towns and Ballyjamesduff and Ballyconnell.

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Its parent company Natwest is carrying out a strategic review - with concerns that could result in the bank being wound down.

Representatives from Ulster Bank have been meeting with the Finance Minister today.

Paschal Donohoe says he's well aware of the speculation over the bank's future.

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The Financial Services Union says the lack of clarity is causing huge anxiety for the bank's staff and customers. General Secretary John O'Connell hopes today's meeting will go some way to addressing that.

Ulster Bank's operating profit fell from 99 million euro in 2018 to 84 million last year.

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