Company Overview of Ulster Bank Group
Ulster Bank Group provides retail and commercial banking products and services in Northern Ireland and the Republic of Ireland. The company offers various personal banking products and services, such as current and savings accounts, and fixed term deposit; mortgages and personal loans, and overdrafts facilities; debit and credit cards; investment products; home and life assurance insurance products; private banking services; and online, mobile, and telephone banking services, as well as manages debt products. It also provides business banking products and services comprising business current and foreign currency accounts, fixed term accounts, and currency call deposit accounts; business loan...
11-16 Donegall Square East
Belfast, BT1 5UB
Founded in 1836
Key Executives for Ulster Bank Group
Chief Executive and Executive Director
Chief Financial Officer and Executive Director
Chief Executive of Corporate Markets
Chief Executive of Retail & Commercial for Europe & Middle East
Compensation as of Fiscal Year 2014.
Ulster Bank Group Key Developments
Ulster Bank Sells Personal Guarantees
Mar 15 15
Ulster Bank Group’s internal bad bank is working on plans to sell off personal guarantees given by property investors and developers. The personal guarantees to be sold on are expected to relate to about 300 individuals. The decision to sell personal guarantees to a hedge fund or private equity investor has been taken by the special liquidators of Irish Bank Resolution Corporation Limited. According to Sunday Business Post, Ulster Bank declined to comment.
Ulster Bank Reports Earnings Results for the Year 2014
Feb 27 15
Ulster Bank made an operating profit of £606 million (EUR 752 million) in 2014. This compares with a loss in the previous year of £1.6 billion. The bank's profit before impairment losses was £241 million, £76 million higher than in 2013. Its total income declined to £830 million from £859 million in 2013 in spite of its return to the black. The bank said this was largely a result of the "non-recurrence of significant hedging gains on the mortgage portfolio in 2013".
Ulster Bank Ltd. Names Maeve McMahon as Director of Customer Experience and Products
Feb 9 15
Ulster Bank Ltd. appointed Maeve McMahon to the newly created role of director of customer experience and products. She will report directly to Ulster Bank CEO Jim Brown, and will join the executive committee. In her new role, McMahon will be tasked with developing customer-focused products and underpinning customer strategy and insight, marketing and customer interaction programs. Prior to joining Ulster Bank, McMahon served as vice president of commercial marketing at GE Capital International.
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