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Government to explore creating a 'third force' in Irish banking if Ulster Bank exits Irish market, says Varadkar

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The Government will explore the creation of a 'third force' in Irish banking if Ulster Bank exits the market, Leo Varadkar says.

LEO VARADKAR HAS told the Dáil that the Government will explore all options if NatWest Group decides to wind down Ulster Bank in the Republic of Ireland.

Sinn Féin finance spokesperson Pearse Doherty raised the matter at leader’s questions this afternoon. Asked by the Donegal TD if he would support the creation of a “third force” in Irish banking to compete with Bank of Ireland and AIB, Tánaiste Leo Varadkar said, “that is something that I support and something that government supports.

“If NatWest decides to exit the Irish market, any solution needs to involve the maximum protection for customers, for jobs and the branch structure,” the general secretary said. #Open journalism No news is bad news Support The Journal Your contributions will help us continue to deliver the stories that are important to youIts head of credit Joey Sheahan said: “Although the future of Ulster Bank is still unclear, even if they do decide to exit the Irish mortgage, they will still have a duty of care to current customers and obligations to fulfil in that regard, so mortgage holders should not be worried or anxious.

 

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I’ll probably switch to An Post if UB do one.

🤣

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