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The issue did not impact the amount of capital owed or the interest rate applied

Thousands of Ulster Bank mortgages impacted by error

Ulster Bank is to write to tens of thousands of current and former mortgage holders to inform them of an issue which may have impacted the amount of interest they have paid and the phasing of repayments.

Business • 22 Nov 24

The Court of Appeal overturned the lower court's findings

Ulster Bank wins tracker mortgage appeal

Ulster Bank has won a key appeal against a High Court ruling that confirmed a decision by the financial ombudsman in a pair of cases involving tracker mortgage customers.

Business • 23 Sep 24

Mr Flanagan, an operations manager with the bank with over 15 years' service, was one of a group of 162 staff at the bank let go in the first half of this yea

Ulster Bank manager who took redundancy deal loses claim

A former Ulster Bank manager who claimed he was made redundant for making a protected disclosure has been told he has no right to pursue a claim after accepting an enhanced redundancy package worth over €145,000.

Business • 20 Sep 24

The bank would not say how much the decision to close the accounts would cost it

Ulster Bank writes off most remaining credit card bills

Ulster Bank has told most of its remaining credit card customers here who had outstanding balances that what they owe is being written off.

Business • 10 Aug 24

Premier Lotteries Ireland to move new HQ to former Ulster Bank headquarters

Premier Lotteries Ireland to move to new HQ at 1GQ

Premier Lotteries Ireland, which operates the Irish National Lottery, is set to move into a new office space at 1 George's Quay (1GQ) - Ulster Bank's former headquarters - later this summer.

Business • 18 Jul 24

This is the last loan sale by Ulster Bank before it formally exits

Ulster Bank sells 4,000 former offset mortgages to Dilosk

Ulster Bank is to sell a €400m portfolio of what formerly were "offset" mortgages to Dilosk, the owner of ICS Mortgages.

Business • 03 May 24

Permanent TSB Group Holdings said its net interest income in 2023 increased by 71% last year

Permanent TSB Group Holdings' net interest income up 71%

Permanent TSB Group Holdings will outline plans later this year on resuming dividend payments for the first time since 2008, the bank said today after reporting a near four-fold rise in full-year underlying profit.

Business • 07 Mar 24

Ulster Bank staff vote to accept pay deal

Ulster Bank staff in the Republic of Ireland and in Northern Ireland, who are members of the Financial Services Union (FSU), have voted in favour of a pay deal.

Business • 18 Jan 24

2023 was all about increasing interest rates - and higher profits for Irish banks

Rising interest rates boost Irish banks' profits

In the world of Irish banking, 2023 was really all about one thing - rising interest rates.

2023 in Review • 27 Dec 23

Ulster Bank is continuing to wind down its operations in the Republic of Ireland

Ulster Bank mortgages to lose offset facility next year

4,500 remaining Ulster Bank customers with offset mortgages are to lose the offsetting facility on their loans in the middle of next year.

Business • 27 Nov 23

PTSB's new head of Business Banking is Seán Farrell

PTSB names new head of Business Banking

PTSB has appointed Seán Farrell as its new head of Business Banking.

Business • 17 Nov 23

Ulster Bank is currently withdrawing from the Irish market

Ulster Bank still holding £200m in Irish deposits

Ulster Bank customers continued to hold deposits totalling £200m in the third quarter of the year.

Business • 27 Oct 23

As part of its withdrawal from the Irish market, Ulster Bank no longer accepts applications for mortgages from customers

Ulster Bank raises rates on fixed rate mortgages

Ulster Bank today announced a rate increase of 0.75% on its remaining fixed rate mortgage products here from today.

Business • 21 Sep 23

AIB said the ECB rate increase which was due to come into effect for these customers in their October repayment, will now be deferred until February.

AIB to defer ECB rate hike for some tracker customers

AIB will defer the European Central Bank (ECB) rate hike announced in July for four months for tracker customers whose mortgages have transferred from Ulster Bank.

Business • 13 Sep 23

The average amount of remediation is €350

Up to 16,000 Ulster Bank customers to receive payments

Up to 16,000 Ulster Bank mortgage customers are in line to receive payments following recalculation errors by the bank.

Business • 01 Sep 23

The agreement will see personal and commercial loans, which are both performing and non-performing, sold to Elmscott Property Finance DAC.

Ulster Bank agrees deal to sell most remaining loans

Ulster Bank has agreed a deal to sell its remaining residual portfolio of loans, worth almost €700m, as part of its exit from the Republic of Ireland.

Business • 30 Aug 23

The union said the agreement will allow its manager members to collectively negotiate their pay and working terms and conditions with their employer.

Union recognition agreed for managers at PTSB

The Financial Services Union (FSU) and Permanent TSB have agreed union recognition and collective bargaining for managers in the bank.

Business • 22 Aug 23

AIB has apologised for any anxiety caused to customers

AIB reassures tracker mortgage holders over repayments

AIB has moved to reassure a group of tracker mortgage customers, who received letters indicating their repayments were set to increase more than expected in October, that they will not face new repayments greater than they had anticipated.

Business • 11 Aug 23

The bank has sold most of its assets to Permanent TSB and AIB

First half losses up at Ulster Bank as exit continues

Ulster Bank recorded an operating loss of £295m over the first six months of the year in the Republic of Ireland, as it continued to wind down its operations.

Business • 28 Jul 23

Head of Permanent TSB Asset Finance Colm Furlong, Permanent TSB Chairperson Julie O'Neill and the bank's CEO Eamonn Crowley

Permanent TSB completes deal for Ulster Bank assets

Permanent TSB has completed the deal for the purchase of €6.75 billion of Ulster Bank assets with the completion of the final migration of the Lombard asset finance business of Ulster Bank Ireland.

Business • 24 Jul 23

Ulster Bank and KBC Bank announced their intentions to leave the Irish market in 2021

96% of Ulster Bank and KBC Bank Ireland accounts closed

New Central Bank figures show that just over 96% of all current accounts that were open in Ulster Bank and KBC Bank Ireland at the beginning of 2022 were either closed or inactive by the end of June this year.

Business • 11 Jul 23

The High Court decision could have implications for thousands of other Ulster Bank borrowers

Ulster Bank loses appeal over tracker mortgage refunds

Ulster Bank has lost its appeal against findings by the Financial Services and Pensions Ombudsman that two borrowers were entitled to tracker mortgage refunds and compensation.

Courts • 22 Jun 23

The total number of accounts closed since the beginning of 2022 at these two banks stands at 1,133,524.

94% of Ulster Bank and KBC current accounts now closed

Just over 94% of current accounts at exiting Ulster Bank and KBC are now closed, new figures from the Central Bank show.

Business • 16 Jun 23

Post dividend, Ulster Bank said they will have a strong capital position, with a capital ratio of 30%.

Ulster Bank to pay dividend of €800m to NatWest

Ulster Bank has said it will pay a dividend of €800m to its parent company NatWest.

Business • 16 Jun 23

Permanent TSB had no comment to make on the development

State to sell 3% of its stake in Permanent TSB

The Minister for Finance is to sell 3% of the State's stake in Permanent TSB.

Business • 01 Jun 23