August 23, 2017 10:50 AM ET

Banks

Company Overview of Ulster Bank Limited

Company Overview

Ulster Bank Limited provides retail and commercial banking products and services in Northern Ireland. It offers various personal banking products and services, including current and savings accounts; mortgages and personal loans, and overdrafts facilities; debit and credit cards; home insurance and life insurance products; private banking services; and Internet and mobile banking services. The company also provides business banking products and services comprising business and startup current accounts, and foreign currency accounts; business overdraft facilities, business loans, asset finance, and business debit and credit cards; instant access, and fixed term and foreign currency savings ac...

11-16 Donegall Square East

Belfast,  BT1 5UB

United Kingdom

Founded in 1836

1,913 Employees

Key Executives for Ulster Bank Limited

Chief Executive Officer and Executive Director
Age: 57
Chief Financial Officer and Executive Director
Age: 47
Chief Executive of Retail & Commercial for Europe & Middle East
Chief Executive Officer of Ireland
Age: 48
Managing Director of Corporate and Institutional Banking
Compensation as of Fiscal Year 2017.

Ulster Bank Limited Key Developments

Ulster Bank Announces Earnings Results for the First Half of 2017

Ulster Bank announced earnings results for the first half of 2017. The company reported adjusted operating profit of €104 million as compared to €155 million a year ago. Operating profit was €12 million as compared to €9 million a year ago. Total income was €341 million as compared to €377 million a year ago.

Ulster Bank Announces Management Changes

Ulster Bank has named Des O'Shea as chairman. He will take over from Dr. Philip Nolan, who has held the post for four years. Mr. O'Shea, a former GE Capital executive, has been a director of Ulster Bank since 2012, most recently as deputy chairman. He is an non-executive director of Pepper Group, in Australia, and Byblos Bank in Lebanon.

Ulster Bank Plans to Cut 64 Jobs from Call Centre in North

Ulster Bank wants to cut 51 jobs at its debt-management operations team and 13 from its call centre in Belfast. But it will also offset the proposed call centre job losses with plans to create 10 new roles in the centre. The bank said most of the job losses could take the shape of voluntary redundancies.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 10, 2016
Ulster Bank, Project Oyster loan portfolio
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