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Statements on the Future of Banking in Ireland - Opening Speech by Minister Donohoe Check Against Delivery Ceann Comhairle, thank you for the opportunity to discuss this very important topic. I am sharing time with the Minister of State, Deputy Fleming. We are living in uncertain times, and this assessment is particularly applicable to the banking sector. It has been a difficult year with all of the challenges that the pandemic has brought and the number of market announcements already this year. As Deputies will recall we discussed the issue of banking at length in March. In May I was also invited to address the Seanad and hear the views of Senators on the future of banking. ....
Ulster Bank's new customers must sign up to its closure in Ireland thetimes.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thetimes.co.uk Daily Mail and Mail on Sunday newspapers.
Minister for Agriculture Charlie McConalogue. Minister for Agriculture Charlie McConalogue and Minister Martin Heydon met with CEO of Ulster Bank on Wednesday to look for guarantees that farmer clients would be looked after following the Ulster Bank announcement last Friday. Speaking at the IFA Kerry AGM on Tuesday night, Minister Heydon said the exit of the bank was “really not a good situation. It’s not good for farmers and there is real concern and we need to understand why it hasn’t worked out for Ulster Bank. We welcome the AIB and PTSB moves but we need guarantees for farmers and that is what we will be looking for in our meeting with Ulster Bank”. ....
Updated / Monday, 15 Feb 2021 14:27 The Government is not a shareholder in Ulster Bank The Minister for Public Expenditure and Reform has said any decision to diminish Ulster Bank s presence in the Irish market or to withdraw completely would have a very significant impact on staff, the economy as well as the availability of banking services across the Irish market. Michael McGrath said that Finance Minister Paschal Donohoe has been engaging closely with the Chancellor of the Exchequer on the issue. Paschal Donohoe has also engaged directly with NatWest and the Government is awaiting the outcome of those talks. Mr McGrath said there are regulatory protections there that will be invoked in respect of all Ulster Bank s customers if it does decide to leave the Irish market. ....