NatWest winding down Ulster Bank a blow to Ireland banking sector
NatWest’s exit leaves the country with just two major lenders as rivals begin to pick over the remains of Ulster Bank
19 February 2021 - 17:28
Dublin — Ireland’s finance minister said the banking landscape will be poorer as a result of NatWest’s decision to exit, a move that leaves the country with just two major lenders as rivals begin to pick over the remains of Ulster Bank.
NatWest announced on Friday it was winding down its underperforming Ulster Bank business in the Irish Republic, where it is the third-largest lender with an estimated 15% share of the mortgage market, around 10% of the small and medium enterprise (SME) market and a €20bn loan book...
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