Waterford, Ireland / WLR
Feb 19, 2021 7:57 AM
Ulster Bank has announced it is to withdraw from the Republic of Ireland over the next few years, after more than 160 years in the market.
The bank’s UK parent company NatWest confirmed the wind-down amid annual financial results on Friday morning, following reports the bank was set to exit the Irish market.
Ulster Bank has 2,800 employees and a €20.5 billion loan book in the Republic. Ulster Bank Limited’s banking business in Northern Ireland is unaffected.
The Irish Times reports that the exit of the third biggest lender in the State marks the biggest development in the banking market since the height of the financial crisis.
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Exceptional Irish banknotes highlight sale at Dix Noonan Webb
Dix Noonan Webb will hold a live/ online auction of British, Irish and World Banknotes on Wednesday, February 24.
LONDON
.- An Irish £10 Banknote from the iconic ploughman series is expected to fetch £22,000-26,000 at Dix Noonan Webb in their live/ online auction of British, Irish and World Banknotes on Wednesday, February 24, 2021 at 10am on their website.
The very fine and extremely rare Northern Bank Ltd note dates from May 6, 1929 and is being offered by a private collector. The only known example of a £50 note from the Belfast Banking Company Limited, dating from December 7, 1917 is also offered and is estimated at £8,000-10,000. An even older Irish note on sale is a very attractive £20 printed in blue, from the Provincial Bank of Ireland Ltd, dating from October 20 1904, which is expected to fetch £5,000-6,000.