PREMIUM
A lady wearing a face mask walks by an Ulster Bank branch in Dublin city center during Level 5 COVID-19 lockdown.
The Bank of Ireland announced today the closure of 103 branches across Island of Ireland as the acceleration in digital banking has now By Scott Wright THE owner of Royal Bank of Scotland has taken a major step forward in its plan to withdraw its Ulster Bank operation from the Republic of Ireland. NatWest Group confirmed to the City that it has entered into a binding agreement to sell around €4.2 billion of gross performing commercial loans to Allied Irish Banks.
Tim Rideout: Claim banks would flee independent Scotland is a Project Fear lie thenational.scot - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenational.scot Daily Mail and Mail on Sunday newspapers.
Graeme Hartop By Scott Wright SCOTTISH boutique bank Hampden & Co has narrowed losses after driving income up by 18 per cent to more than £10 million during the pandemic, new results show. Edinburgh-based Hampden has booked a statutory loss before tax of £4.1 million for the year ended December 31, compared with £5.5m in its previous accounts. Chief executive Graeme Hartop declared the bank had shown its appeal to new and existing customers amid the coronavirus crisis, as Hampden saw client deposits rise by 22% to £501.2m. Loans and advances surged by 60% to £326.3m. Mr Hartop, the veteran banker who joined Hampden after it was launched by Ray Entwistle in 2013, said: “Our focus on delivering a personalised banking service helped our existing clients to navigate the impact of the pandemic and we attracted many new clients by being accessible, particularly as some mainstream banks declined new accounts and directed clients online or to call centres.”
ROYAL Bank of Scotland owner NatWest Group has offloaded part of its Adam & Company private banking operation, including the brand name. Canaccord Genuity Group has acquired the investment management business of Adam & Co in a cash deal worth £54 million. It comes two months after speculation emerged that NatWest was exploring the sale. The deal does not include Adam & Co s banking and lending business, which will now be rolled into the Coutts private bank operation.
READ MORE: A CouttsScotland team will be created and operated across three locations, while the Adam & Co business in London will be integrated into Coutts Coverage, NatWest said. The number of staff affected has not been disclosed.