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Money Mentor: switch farm bank accounts or be switched?

Calls for Ulster Bank to gift landmark building back to Dundalk

Q&A: What would Ulster Bank s closure mean for mortgage holders, savers and current account customers and business borrowers?

Q: What is the scale of Ulster Bank’s operations in this market? A: The bank is number three in this market. It has loans outstanding of €20.5bn in June this year. There are some €22bn of deposits, according to a banking analyst with Goodbody Stockbrokers, Eamonn Hughes. He says the bank is the number three in the SME (small and medium sized enterprises) market, with a market share of around 20pc, and it has a strong corporate banking franchise. A lot of this is made up of commercial property lending. Q: I have a mortgage with Ulster Bank. It is a tracker with a current net rate of 1.15pc. Will it be sold on to a vulture fund?

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