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Ulster Bank confirms closure of 22 branches in Ireland | |
(35 minutes later) | |
Twenty-two branches and sub-offices of the Ulster Bank are due to close across Ireland, the bank has confirmed. | |
Eleven are located in Northern Ireland and will close by June. | Eleven are located in Northern Ireland and will close by June. |
The branches are: Jordanstown; Longstone Street, Lisburn; Knock and Shaftesbury Square, Belfast; Harryville near Ballymena; Carryduff near Belfast and Dromore in County Tyrone. | The branches are: Jordanstown; Longstone Street, Lisburn; Knock and Shaftesbury Square, Belfast; Harryville near Ballymena; Carryduff near Belfast and Dromore in County Tyrone. |
The bank said there would be no additional job losses as a result of the announcement. | The bank said there would be no additional job losses as a result of the announcement. |
Another 11 branches will close in the Republic of Ireland. | Another 11 branches will close in the Republic of Ireland. |
Larry Broderick of the Irish Bank Officials Association said speculation had been mounting recently but the news would concern customers and staff in those areas. | Larry Broderick of the Irish Bank Officials Association said speculation had been mounting recently but the news would concern customers and staff in those areas. |
"Staff throughout Ulster Bank have worked strenuously to restore the bank's reputation, especially in the wake of the catastrophic IT malfunction last year - which created major difficulties for hundreds of thousands of customers," he said. | "Staff throughout Ulster Bank have worked strenuously to restore the bank's reputation, especially in the wake of the catastrophic IT malfunction last year - which created major difficulties for hundreds of thousands of customers," he said. |
"They are naturally concerned about any developments that might undermine customer confidence." | "They are naturally concerned about any developments that might undermine customer confidence." |
The following sub-offices are also due to close in Northern Ireland: Ardglass in County Down, Moy in County Tyrone, Rosslea in County Fermanagh and Saintfield in County Down. | The following sub-offices are also due to close in Northern Ireland: Ardglass in County Down, Moy in County Tyrone, Rosslea in County Fermanagh and Saintfield in County Down. |
The Republic of Ireland branches set to close are: Belturbet, County Cavan; Castlepollard, County Westmeath; Glenamaddy, County Galway; Killeshandra, County Cavan and Kilnaleck, County Cavan. | The Republic of Ireland branches set to close are: Belturbet, County Cavan; Castlepollard, County Westmeath; Glenamaddy, County Galway; Killeshandra, County Cavan and Kilnaleck, County Cavan. |
The following sub-offices to close are those in Carrigallen, County Cavan; Delvin, County Westmeath; Kilcormac, County Offaly; Kilkelly, County Mayo; Rathangan, County Kildare and Swanlinbar, County Cavan. | The following sub-offices to close are those in Carrigallen, County Cavan; Delvin, County Westmeath; Kilcormac, County Offaly; Kilkelly, County Mayo; Rathangan, County Kildare and Swanlinbar, County Cavan. |
The Ulster Bank currently has 146 branches in the Republic of Ireland and 90 in Northern Ireland. | The Ulster Bank currently has 146 branches in the Republic of Ireland and 90 in Northern Ireland. |
Last January, the bank announced it was planning to cut its workforce in Northern Ireland and the Republic of Ireland by 950 staff. | Last January, the bank announced it was planning to cut its workforce in Northern Ireland and the Republic of Ireland by 950 staff. |
It said 350 jobs would go in Northern Ireland while the remaining 600 would be lost in the Republic. | It said 350 jobs would go in Northern Ireland while the remaining 600 would be lost in the Republic. |
Ulster Bank, the third-largest bank in Ireland, is owned by Royal Bank of Scotland (RBS). | Ulster Bank, the third-largest bank in Ireland, is owned by Royal Bank of Scotland (RBS). |
In the first nine months of 2011 the bank wrote off more than £1bn in bad loans, mainly related to property. | In the first nine months of 2011 the bank wrote off more than £1bn in bad loans, mainly related to property. |
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