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Transfer of Ulster Bank s NI business cleared by Belfast court

  The transfer of Ulster Bank’s Northern Ireland business to parent company NatWest has been approved at the High Court in Belfast. A judge gave permission for the scheme after confirming all legal requirements were met and identifying no adverse impact on the few objectors. Mr Justice McFarland confirmed: “I will therefore sanction the transfer scheme.” Ulster Bank made the court application in advance of the planned May 3rd switchover date. The transfer of the Northern Ireland business to NatWest is aimed at simplifying its structures. Customers will not see any changes to everyday services, with Ulster Bank’s branding and branch network being maintained.

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