In December, Ulster Bank published an independent review by the law firm Mason Hayes & Curran, commissioned following the Tomlinson report.

The Mason Hayes & Curran Report and also the previously released Clifford Chance Report in the relating to Great Britain and Northern Ireland, have found no evidence to support Dr. Tomlinson's central allegation that RBS / Ulster Bank systematically set out to defraud its business customers.

The publication of the report today concludes the investigation into this central allegation across RBS.

In November 2013 Dr Lawrence Tomlinson in his role as Entrepreneur in Residence, Department for Business, Innovation and Skills, published a report entitled "Banks' Lending Practices Review: Treatment of Businesses in distress" (the Tomlinson Report).

In response, RBS instructed the law firm, Clifford Chance to conduct an independent review of the principal allegation made in the Tomlinson Report - that RBS, through its Global Restructuring Group (GRG) division, was culpable of "systemic and institutional" behaviour in artificially distressing otherwise viable businesses and, through that, putting business "on a journey towards administration, receivership and liquidation". Clifford Chance's independent review focused on UK and NI Small and Medium-sized Enterprises (SMEs) and was published on 17 April 2014.

Ulster Bank Ireland Limited has now instructed the law firm Mason Hayes & Curran to conduct an independent review of the principal allegation in relation to SMEs in the Republic of Ireland.

Mason Hayes & Curran invite any SME customers of Ulster Bank Ireland Limited whose banking relationship was with GRG Ireland at any time between 2008 and 2013 and who consider that their own experiences may be relevant to the principal allegation under review to contact them at:

Please note that Ulster Bank Ireland Limited has no control over which customers will be included in Mason Hayes & Curran’s review.