Tuesday 20 March 2018

Richard Curran: Let's not get too excited about RBS plans to offload Ulster Bank

Accusations: Ulster Bank
Accusations: Ulster Bank

Let’s not get too excited about the RBS announcement that it is looking to sell some or all of Ulster Bank’s Republic of Ireland operations.

After all, if RBS could have found a buyer before now, it would have off-loaded the business in a heartbeat.

On paper the bank’s chances of finding a buyer or strategic partner for the Southern operations of Ulster Bank might look a little better in another couple of years. The bank appears to have just returned to some operational profitability. Plus, the economic and property landscape have improved.

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