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Ulster Bank

National Westminster Bank Plc
trading as Ulster Bank
Ulster Bank
Company typePrivate
IndustryFinancial services
Founded22 February 1836 (1836-02-22)
Belfast, Northern Ireland, United Kingdom, as the Ulster Banking Company
HeadquartersBelfast, Northern Ireland, United Kingdom
Key people
Jane Howard
ProductsVarious banking products
OwnerUK Government Investments (19.97%)
Number of employees
3,250 (2013)
ParentNatWest Holdings
Websitewww.ulsterbank.co.uk
Ulster Bank, Longford

Ulster Bank (Irish: Banc Uladh) is a large retail bank, and one of the traditional Big Four Irish clearing banks. The Ulster Bank Group was subdivided into two separate legal entities: National Westminster Bank Plc, trading as Ulster Bank (registered in England and Wales and operating in Northern Ireland); and, until April 2023, Ulster Bank Ireland DAC (registered in the Republic of Ireland). Prior to the closure of Ulster Bank in the Republic of Ireland in April 2023, the headquarters of Ulster Bank in the Republic of Ireland were located on George's Quay, Dublin, whilst the headquarters of Ulster Bank Northern Ireland are in Donegall Square East, Belfast,[1] and it maintains a large sector of the financial services in both the UK and the Republic of Ireland.

Established in 1836, Ulster Bank was acquired by the London County and Westminster Bank in 1917. As a wholly-owned subsidiary of National Westminster Bank (NatWest), it became part of the Royal Bank of Scotland Group in 2000.[2] RBS Group was renamed NatWest Group in 2020.[3][4][5][6][7] However, the Ulster Bank brand is used on the island of Ireland. The bank has 146 branches in the Republic of Ireland and 90 in Northern Ireland, with over 1,200 non-charging ATMs. It has over 3,000 employees and over 1.9 million clients.

On 19 February 2021, NatWest Group announced a phased withdrawal of all banking activity and associated services within the Republic of Ireland. On 3 May 2021, the business of Ulster Bank Limited in Northern Ireland was transferred to the parent National Westminster Bank as part of a court-approved Banking Business Transfer Scheme.[8] Ulster Bank ceased its operations in the Republic of Ireland on 21 April 2023.[9] From 2014 to 2023, it had been designated as a Significant Institution under European Banking Supervision and thus directly supervised by the European Central Bank.[10][11]

  1. ^ "Ulster Bank". Bank.org.uk. Archived from the original on 17 January 2010. Retrieved 10 January 2010.
  2. ^ Annual Report and Accounts Archived 25 April 2012 at the Wayback Machine National Westminster Bank, 31 December 2010
  3. ^ Makortoff, Kalyeena RBS will change name to NatWest as Alison Rose begins overhaul The Guardian, 14 February 2020
  4. ^ RBS Group to change its name to NatWest BBC News, 14 February 2020
  5. ^ "Our plan to change our parent name". RBS. 14 February 2020. Retrieved 7 April 2020.
  6. ^ "RBS to rebrand as Natwest Group next Wednesday". Practive Investor. 16 July 2020. Retrieved 16 July 2020.
  7. ^ "Change of Name - 14:00:05 22 Jul 2020 - RBS News article | London Stock Exchange". www.londonstockexchange.com.
  8. ^ "Banking Business Transfer Scheme".
  9. ^ "Ulster Bank to close all branches in Republic of Ireland".
  10. ^ "The list of significant supervised entities and the list of less significant institutions" (PDF). European Central Bank. 4 September 2014.
  11. ^ "List of supervised entities" (PDF). European Central Bank. 1 January 2023.

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