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Ulster Bank exiting Irish market could hit SMEs: Sibley


Business Editor
An exit by Ulster Bank from Ireland could lead to a concerning reduction in competition in the SME lending market, the deputy governor of the Central Bank has said.
Addressing the Oireachtas Joint Committee on Finance, Public Expenditure and Reform and Taoiseach, Ed Sibley said that, for reasons of confidentiality, he could not comment on the interactions between the Central Bank and Ulster Bank on the issue.
But he said, in general terms, if a larger bank were to exit the Irish market it could have significant implications.
He said he completely empathised in terms of the concerns and uncertainty that people working for an organisation with this kind of ongoing uncertainty experience. ....

Republic Of Ireland , Pearse Doherty , Ed Sibley , Grainne Mcevoy , Ulster Bank , Central Bank , Oireachtas Joint Committee On , Financial Services , Oireachtas Joint Committee , Public Expenditure , Consumer Protection , Pensions Ombudsman , குடியரசு ஆஃப் ஐயர்ல்யாஂட் , பியர்ஸ் டோவர்டீ , எட் ஸிப்லீ , அல்ஸ்டர் வங்கி , மைய வங்கி , நிதி சேவைகள் , பொது செலவு , நுகர்வோர் ப்ரொடெக்ஶந் , ஓய்வூதியங்கள் ஆஂபட்‌ஸ்மந் ,