Oireachtas Joint and Select Committees
Thursday, 9 May 2019
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Matters Relating to the Banking Sector (Resumed): Ulster Bank
Kieran O'Donnell (Fine Gael) | Oireachtas source
Summer. That is all I need to know. My next point concerns Brexit. Ulster Bank is unique in an Irish setting in that it is one of the four large pillar banks but effectively has a presence in Great Britain, Northern Ireland and the Republic of Ireland. We are looking at Ulster Bank in the Republic of Ireland. Ulster Bank in Northern Ireland is a separate entity and both are subsidiaries of RBS. In respect of Ulster Bank customers and the Irish banking landscape, the witnesses noted that Ulster Bank has looked at a number of scenarios, including a no-deal Brexit, as a stand-alone bank. Can the witnesses elaborate on the implications of what unfolds in the UK for Ulster Bank in the Republic of Ireland?
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