In a robust financial update, NatWest Group plc has announced a significant full year attributable profit of £4.4 billion for the year ended 31 December 2023, with a return on tangible equity (RoTE) standing impressively at 17.8%. This performance not only underscores the bank’s effective strategy and operational efficiency but also highlights its ability to […]
AIB Group plc said that its subsidiary Allied Irish Banks has signed a binding agreement with NatWest Group and Ulster Bank Ireland DAC for acquiring a €6 billion performing Ulster Bank tracker mortgage portfolio. According to AIB Group, Allied Irish Banks will buy the portfolio consisting of nearly 47,000 Ulster Bank customers for €5.4 billion. […]
Ulster Bank will begin a phased withdrawal from Ireland over the coming years in line with a strategic review completed by its parent company NatWest Group. According to NatWest Group, Ulster Bank Ireland is not expected to achieve an satisfactory level of sustainable returns over its planning horizon. The British bank holding company said that […]