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Monday 11 December 2023 Dublin: 9°C

# Ulster Bank

This year
2023
AIB apologises for letters to mortgage holders raising repayments
Some mortgage holders were told they were under-charged on their mortgage when they were with Ulster Bank and that their payments would increase.
Permanent TSB reports pre-tax profit of €26 million for first half of 2023
The bank acquired 88,000 new mortgage and business customers from Ulster Bank.
Ulster Bank branches close for a final time as vulnerable customers reminded of supports
25 branches had already closed but the remaining 63 have shut their doors for the last time today.
In-branch services at Ulster Bank to wind down from today
A total of 63 branches will close on 21 April.
Ulster Bank increases fixed mortgage rates for second time in four months
The new rates are effective from today and will only apply to certain existing customers.
Ulster Bank to freeze 2,000 active accounts after 'last attempt' to engage with customers
Ulster Bank and KBC appeared before the Oireachtas finance committee today.
Ulster Bank announces final closure dates for 63 branches across Ireland
Ulster Bank Chief Executive Jane Howard described the withdrawal of their services from communities as “poignant”.
One in eight Ulster Bank and KBC customers are yet to open a new account elsewhere - survey
68% of customers have either opened a new account or plan to use an existing account in another bank.
12 Ulster Bank branches to close today
A further 13 branches will close next week before becoming branches of Permanent TSB.
Last year
2022
Ulster Bank increases fixed mortgage rates for some customers by 0.75%
The rate increase applies to two, four and seven year fixed rate mortgages, as well as four year fixed Green mortgages.
Ulster Bank opens redundancy programmes that will see 600 staff leave from March
Further redundancy programmes are expected to open next year and beyond.
Ulster Bank to begin freezing current and deposit accounts from today
The bank announced its withdrawal from the Irish market in February.
Over 20 Ulster Bank branches to switch to Permanent TSB in January
The bank is exiting the Irish market.
Sixty per cent of Ulster Bank and KBC customers report 'challenges' when switching providers
Transferring direct debits and payments continues to be the most significant issue.
Finance Committee hears update from KBC and Ulster Bank ahead of market withdrawal
Ulster Bank told the committee that around 1,000 accounts are currently on track to be frozen from 11 November.
Ulster Bank extends first account closure deadline until 4 November
The bank announced its withdrawal from the Irish market in February.
New dedicated phonelines set up to help vulnerable customers switch bank accounts
It comes as Ulster Bank and KBC prepare to leave the Irish market.
Ulster Bank to write to personal credit card holders to remind them to close accounts
Ulster Bank credit cards will no longer work from March 2023.
Almost 300,000 new current accounts have been opened this year, figures show
The figures indicated that Ulster Bank and KBC current account customers are heeding advice to switch banks.
Competition watchdog green lights Permanent TSB's €7.6 billion deal with Ulster Bank
The deal includes 25 of Ulster Bank’s branches.
Under half of polled customers have moved KBC and Ulster Bank accounts ahead of closures
Ulster Bank and KBC are leaving the Irish market.
Ulster Bank to sell €6 billion mortgage portfolio to AIB
Ulster Bank and KBC are both in the process of exiting the Irish market.
Here's What Happened Today: Wednesday
Here’s your round-up of what made the headlines today.
Exiting Ulster Bank gives customers six-month 'deadline' to repay their overdrafts
But bank officials said the lender will remain flexible and urged customers having difficulties to come forward immediately.
Competition authority launches full probe into Permanent TSB's €7.6 billion Ulster Bank deal
The investigation will determine whether the proposed acquisition could lead to a substantial lessening of competition in the State.
Flurry of announcements caps off noteworthy week for Irish banks and their customers
Stakeholders say the industry is staring down the barrel of one of the biggest logistical challenges in its history.
KBC Bank extends its account closure notice to six months
The original timeframe was 90 days.
AIB cleared to acquire €4.2 billion Ulster Bank loan porfolio
Ulster Bank is set to withdraw all of its banking services from Ireland.
Central Bank tells sector 'more needs to be done' for customers hit by KBC and Ulster Bank closures
Both Ulster Bank and KBC Bank are winding down their operations in Ireland.
Is your bank exiting the market? Take action soon, experts say. Here's what you need to know
A report by
Ian Curran
Ulster Bank and KBC Bank are in the process of winding down their Irish operations as announced last year.
Ulster Bank and KBC Bank are in the process of winding down their Irish operations as announced last year.
Concerns have been raised in recent months about the scale of the logistical challenges involved.
Consumer experts say customers have time to sort out new arrangements but they should "take action" soon.
Ulster Bank gives current and deposit account customers six months' notice to switch providers
Separately, KBC Bank announced yesterday that from June, customers will get 90 days’ notice to move their accounts.
Ulster Bank to write to customers, giving them six months to close current and deposit accounts
It’s part of the NatWest-owned bank’s phased withdrawal from the market in the Republic of Ireland, announced in February 2021.
All time
Competition watchdog to fully investigate AIB and Ulster Bank loan book deal
The CPCC has decided to investigate whether the deal could substantially lessen competition in Ireland
Permanent TSB signs agreement to buy €7 billion of Ulster Bank mortgages and 25 branches
The bank will also acquire Business Direct and Lombard Asset Finance loan business under the deal.
Ulster Bank customers will be given six months notice to close their accounts
The bank’s CEO said today that none of its 88 branches will close during the first half of next year.
Ulster Bank urges customers not to switch banks 'at last minute'
The bank has committed to giving up to six months notice of its departure in 2022.
Competition watchdog launches full probe of Bank of Ireland proposal to buy KBC Bank loans
The CCPC said an in-depth investigation was required to determine whether the deal would weaken competition.
Permanent TSB plans to take over €7.6 billion of Ulster Bank loans and 25 branches
Ulster Bank has over one million customers, along with 2,800 staff and 88 branches across the country.
AIB to take on €4.2 billion worth of Ulster Bank's corporate and commercial loan book
The move will see 280 Ulster Bank employees move over to AIB as part of the deal.
Banking on the short-term — The government is selling 'part' of its 13.9% stake in Bank of Ireland. But why now?
Finance minister Paschal Donohoe announced the six-month sale process yesterday.