Written answers

Tuesday, 25 February 2014

Department of Finance

Bank Branch Closures

Photo of Seán Ó FearghaílSeán Ó Fearghaíl (Kildare South, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

217. To ask the Minister for Finance if he will consider the concerns raised in correspondence (details supplied) regarding Royal Bank of Scotland; if he will raise these concerns with the British Chancellor of the Exchequer; and if he will make a statement on the matter. [9552/14]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source

My Department has received a number of representations from Ulster Bank employees and their representative organisation on this matter, similar to the letter provided by the Deputy. The Deputy will be aware that following the review by the UK Treasury in Autumn 2013, RBS reaffirmed its commitment to the Irish market. RBS is currently reviewing the operations of Ulster Bank in Ireland with a view to creating a sustainable business model. My Department has engaged with the UK Treasury as part of the Treasury review and I also recently met with senior RBS executives regarding the outlook for the bank both here and in the UK. I fully understand and appreciate the concerns of Ulster Bank employees but I must await the findings of the review before commenting further. It is expected that the findings of the review will be published by the end of February.

Comments

No comments

Log in or join to post a public comment.