January 31, 2015 11:55 PM ET

Banks

Company Overview of Ulster Bank Group

Company Overview

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

United Kingdom

Founded in 1836

5,377 Employees

Key Executives for Ulster Bank Group

Chief Executive and Executive Director
Age: 53
Chief Financial Officer and Executive Director
Age: 50
Chief Operating Officer
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 to Close its Branch in Ferbane

Ulster Bank has said it plans to close its branch in Ferbane, one of 14 such branches it is planning to close in the Republic next year.

RBS Considers Strategic Review Of Ulster Bank

The Royal Bank of Scotland Group plc (LSE:RBS) is conducting a strategic review of Ulster Bank Group. Ross McEwan, Chief Executive Officer of RBS said earlier 2014 that the strategic review is conducted for the sale of Ulster Bank.

Ulster Bank to Shut 24 More Branches

Ulster Bank is shutting another 24 branches across Ireland - including 10 in the north - just a day after its part-taxpayer-owned parent Royal Bank of Scotland was hit with a £56 million fine for its 2012 computer meltdown. Among the branches being axed at the end of February are Newcastle in Co Down and Portstewart on the north coast, with business there transferring to Castlewellan and Portrush respectively. Others on the hit list are Dundonald, Tandragee, Aughnacloy, Donaghadee, Gortin, Newtownhamilton, Randalstown and Belfast's Crumlin Road. Ulster Bank insists no jobs will be lost as a result of the latest restructuring - claims just one in seven (or 14%) of all transactions are carried out in branches.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 16, 2014
Ulster Bank, Portfolio of Irish Real Estate Loans
Merger/Acquisition
February 17, 2014
Ulster Bank Goup, Residential Real Estate Assets Loan Portfolio
 

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