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The regulator said more remains to be done to improve the experience of customers moving their accounts from Ulster Bank and KBC Bank Ireland

Quarter of Ulster and KBC bank accounts closed so far

Just a quarter of Ulster Bank and KBC accounts have been closed since the start of this year, despite intense efforts by the two lenders to wind down their operations here.

Business • 09 Sep 22

Ulster Bank said the six month period for the first current and deposit customers to receive notice to leave the bank ends in October

Ulster Bank again urges customers to choose new bank

Ahead of its withdrawal from the Irish market, Ulster Bank is reminding customers, particularly those whose six-month notice period is coming to an end in October, to act now in choosing and moving balances and transactions to a new banking provider.

Business • 07 Sep 22

The CCPC has set out recommendations about how to make the banking market more competitive

Concentration in banking market a concern - CCPC

The competition watchdog has said it is concerned by the impending increase in the concentration levels of the retail banking sector in Ireland as a result of the exits of KBC and Ulster Bank.

Business • 31 Aug 22

The volume of account transactions for firms is higher than for personal customers

Firms advised to act early on moving banks

Businesses are being advised to act early if they need to establish new banking arrangements in the months ahead.

Business • 30 Aug 22

Ulster Bank continues its phased withdrawal from the Irish market

AIB deal for Ulster Bank's tracker loans sent to CCPC

The proposed acquisition by AIB of a portfolio of performing Ulster Bank mortgages has been notified to the Competition and Consumer Protection Commission.

Business • 25 Aug 22

The figures show there was a slight slowdown in account openings in July.

365,000 new current accounts opened as banks exit

The main retail banks, An Post Money and Credit Unions have opened 365,000 personal current accounts so far this year, as customers of Ulster Bank and KBC Bank Ireland continue switching providers ahead of the exit of the two banks from the Irish market.

Business • 24 Aug 22

Between 400 and 450 Ulster Bank staff are set to transfer to PTSB and Pepper Finance

Ulster Bank workers vote to accept transfer terms

Workers in Ulster Bank who are in line to move to Permanent TSB and Pepper Finance as part of deals involving the three organisations have voted to accept the proposed terms of transfer.

Business • 12 Aug 22

Permanent TSB has reported a more than 230% increase in the number of current accounts opened so far this year

Permanent TSB to spend €2m in moving campaign

Permanent TSB plans to spend over €2m in a marketing campaign to support customers moving bank as Ulster Bank and KCB Bank Ireland both exit the Irish market.

Business • 11 Aug 22

Ulster Bank has 75,000 credit card customers

Ulster Bank credit card customers get 6 months' notice

Ulster Bank is to begin writing to its 75,000 credit card customers next month to give them six months notice to find a new provider if they need one.

Business • 09 Aug 22

The number of people opening new accounts continued to grow throughout June and July.

297,000 new current accounts opened as banks exit

The main retail banks have opened 297,000 personal current accounts so far this year, as customers of Ulster Bank and KBC Bank Ireland continue switching providers ahead of the exit of the two banks from the Irish market.

Business • 05 Aug 22

Ulster Bank is preparing to leave the Irish banking market by the end of the year

Operating loss of £102m at Ulster Bank in H1

Ulster Bank recorded an operating loss before tax of £102 million for the first half of its financial year.

Business • 29 Jul 22

The staff transfer agreement is contingent on a majority of FSU members in Ulster Bank voting to accept the proposals.

Agreement on transfer of Ulster Bank staff to PTSB

The Financial Services Union (FSU) and Permanent TSB have reached agreement on the transfer of around 400 staff from Ulster Bank.

Business • 25 Jul 22

Ulster Bank and the FSU Union have agreed to another cost of living pay increase of 4% for bank staff earning up to €45,300

Ulster Bank to increase lower paid staff's wages by 4%

Ulster Bank and the Financial Services Union have agreed to an additional cost of living pay increase of 4% for bank staff earning up to €45,300.

Business • 07 Jul 22

On average, 9,600 new accounts were opened each week since the start of the year - by the main retail banks

Over 220,000 new current accounts opened as banks exit

The main retail banks have opened 222,000 personal current accounts so far this year, as customers of Ulster Bank and KBC Bank Ireland begin switching providers ahead of the exit of the two banks from the Irish market.

Business • 05 Jul 22

Ulster Bank and KBC Bank Ireland are in the process of leaving the Irish market

Central Bank, BPFI, banks meet again ahead of exits

Senior executives from the five retail banks along with Banking and Payments Federation Ireland attended a CEO roundtable meeting with the Central Bank yesterday, following on from an initial meeting in May.

Business • 29 Jun 22

Ulster Bank has agreed a deal with Aviva Direct Ireland for the transfer of renewal rights in relation to its home and car insurance books

Ulster Bank in car and home insurance deal with Aviva

As part of its phased withdrawal from Ireland, Ulster Bank has agreed a deal with Aviva Direct Ireland for the transfer to Aviva of renewal rights in relation to its home and car insurance books.

Business • 28 Jun 22

Eamonn Crowley, Permanent TSB's chief executive, said today's EGM vote on the Ulster Bank assets is a major step forward the bank's transformation

Permanent TSB may absorb initial ECB rate hikes - CEO

Permanent TSB shareholders have today voted to approve the bank's proposed acquisition of €7.5 billion of Ulster Bank's Mortgage, SME and Asset Finance assets, in addition to 25 Ulster Bank branches.

Business • 24 Jun 22

250 staff will transfer to AIB from Ulster Bank

Ulster Bank staff vote in favour of AIB transfer deal

Ulster Bank staff who are members of the Financial Services Union (FSU) have narrowly voted to accept a terms of transfer deal governing their movement from Ulster Bank to AIB.

Business • 17 Jun 22

PTSB's Eddie Kearney and Kay Patton with Karen and Alex Maguire with a Permanent TSB Mobile Branch outside Ulster Bank's Ballyjamesduff branch

PTSB staff in 45 Ulster Bank branches to help movers

Permanent TSB staff have begun operating from Ulster Bank branches to support customers who want to to move their accounts to Permanent TSB ahead of Ulster Bank's exit from the Irish market.

Business • 16 Jun 22

Customers are hoping the exiting banks and the remaining providers, place a greater focus on their face-to-face support - especially for their older customers (Stock image)

Switching banks: 'We've had no help, we're stuck'.

As Ulster Bank and KBC prepare to leave the Irish market, pensioners Jane and Michael from Co Meath, say more face-to-face supports are needed for older people when it comes to switching banks.

Business • 07 Jun 22

New account openings at both AIB and Bank of Ireland are up more than 120% compared to last year

Banks opening record number of new accounts

Both AIB and Bank of Ireland have reported a more than 120% increase in new account openings in recent weeks as customers of both Ulster Bank and KBC Bank Ireland look for a new bank ahead of their departure from the Irish market.

Business • 07 Jun 22

Mark O'Rourke, Managing Director of Bibby Financial Services Ireland

New €30m Bibby fund for SMEs hit by departing banks

Bibby Financial Services has launched a new fund, initially worth €30m, aimed at Irish SMEs affected by the exit of Ulster Bank and KBC Bank Ireland from the Irish market.

Business • 03 Jun 22

Back in April, the bank said it had started exclusive discussions with NatWest.

AIB acquires €5.7bn of Ulster Bank's tracker mortgages

AIB has confirmed that it has acquired around €5.7 billion of Ulster Bank's performing tracker mortgages.

Business • 01 Jun 22

AIB is buying €4.2 billion of performing corporate and commercial loans from Ulster Bank as it winds down its operations here

AIB and FSU in deal on transferring Ulster Bank staff

AIB and representatives of the Financial Services Union (FSU) have reached agreement on proposals governing the transfer of staff from the departing Ulster Bank to AIB alongside assets it is buying.

Business • 01 Jun 22

Patrick Kennedy said the pay cap and ban on variable pay are not replicated in any market in which the bank does business.

BoI chair calls for Irish banker pay cap to be lifted

The chairman of Bank of Ireland has said restrictions on remuneration which apply to it and other banks here should be replaced by European Banking Authority guidelines on pay.

Business • 26 May 22