Charge raises about €87 million a year
Ulster Bank
Lender has been transformed by rate hikes and Ulster Bank deal
Government and UK bank sell two-thirds more of lender than had been expected
Each side is selling about 3 per cent of PTSB’s stock
Insolvency deal allows retired couple to keep modified home and ensures ‘reasonable return’ for bank
Ulster Bank wanted couple to trade down and pay off liabilities but alternatives not appropriate, judge says
Popular and persistent phone scam to extract money from unwary parents is likely to escalate over the summer holidays when it might seem more plausible
Lender’s main trade union says staff cuts will be made over the next 12 months
Both banks are currently in the process of exiting the Irish market after announced their intentions to leave in 2021
Latest tranche comprises loans with a value of about €915m connected to some 11,000 customers
But bank saw decline in UK and international corporate lending during the period
PTSB expects mortgage market to grow 3% this year to €14.5 billion
UK-owned lender recently began to lay the ground for the gradual repatriation of more than €4 billion of capital to its parent, NatWest
Bank closures in Granard, Co Longford, have caused resentment but not everyone is downbeat
Lender lays groundwork to repatriate €4.24bn in capital to UK parent as it closes its remaining branch network on Friday
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