Ulster Bank’s expected to announce today that it is exiting the Irish market, after 160 years.
Parent company NatWest met last night to consider a proposal to wind down the Irish operation.
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An official announcement is expected to be made today, and 2,800 jobs are in jeopardy.
The financial institution has branches in both Carlow and Kilkenny.
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It also has a 15% share of the mortgage market here, but UCC economics lecturer Seamus Coffey expects that to end.
KCLR News has contacted Ulster Bank for comment.
