An update from Ulster Bank
Today, Ulster Bank announces an update on its phased withdrawal process, as confirmed on 19 February 2021 and further to the binding Agreement with AIB announced on 28 June 2021.
Ulster Bank and its parent NatWest Group have received approval from the Competition and Consumer Protection Commission (CCPC) for the sale of a portfolio of performing loan products from our Commercial Banking Division and the transfer of the colleagues wholly or mainly assigned to this loan book.
We will write to customers in due course directly detailing their specific facilities that are included in the sale and the actions required to complete their product transfer. Customers do not need to take action now on foot of this announcement. If you have any questions, please talk to your dedicated Relationship Manager, or see customer FAQs below.