Rabobank says it has no plans to leave the Irish market or to sell ACCBank.
In a statement yesterday, the Dutch bank said that its bad debts remained high in its international retail banking division as the Irish property sector ‘continues to be under pressure’.
The bank said that the situation here is bad, and it could take four or five years to recover, but that the bank is not considering withdrawing from the market.
Rabobank has reduced its retail presence in Ireland, cutting almost a third of its staff and closing 16 of its 25 branches.
