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Date set for closure of Bank of Ireland in Manorhamilton
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Money Mentor - State to sell Bank of Ireland shares, AIB agrees deal with UB
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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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