News Formal

'Significant decline' in account activity across KBC and Ulster Bank as market exit looms

  • 📰 thejournal_ie
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 50%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

There has been a significant decline in activity across both Ulster Bank and KBC current accounts as the banks prepare to leave the Irish market, TDs are to hear today

THERE HAS BEEN a significant decline in activity across both Ulster Bank and KBC current accounts as the banks prepare to leave the Irish market, TDs are to hear today.

The bank is also due to detail that 91% of personal current accounts with Ulster Bank have been closed, increasing to 95% when personal deposit accounts are included. It comes over a year on from the confirmation that Bank of Ireland would acquire almost all of KBC’s performing loan assets and liabilities, as well as some deposits. in a deal worth €5 billion.

“Additionally, we have seen a significant decline in overall activity across current accounts with debit card transactions down 61%, account balances down 50% and direct debits down over 60% to 82,000,” Jansen will outline in his opening statement. KBC is also due to outline to the Finance Committee that the first wave of closures – approximately 3,000 inactive accounts – began last December.

“This means from 31st March, customers will no longer be able to make cash or cheque lodgements either at the counter or through internal automation devices or make any form of a withdrawal at an Ulster Bank branch ,” Ulster Bank will detail.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 32. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

KBC due to report 'significant decline' in account activity following exit from Irish marketTDs are due to hear from both KBC and Ulster Bank later today. 😱 No shit
Källa: thejournal_ie - 🏆 32. / 50 Läs mer »

Permanent TSB opens for business in former Ulster Bank branchesBank takes over 25 former Ulster Bank branches, expanding its branch network to 98 locations It's an odd one this, Existing PTSB branches clearly don't want customers in them , much the same as AIB & Bank of Ireland 🤔 Will these be actual branches though and not just a machine? I had drive by 3 'branches' to get a bank draft in one of their banks that has a cash desk. I wasn't even lodging cash, just a withdrawal via draft
Källa: IrishTimes - 🏆 3. / 98 Läs mer »