arista
19-02-2021, 10:04 AM
A LBC headline.
https://news.sky.com/story/natwest-posts-pre-tax-loss-of-351m-and-announces-exit-from-ireland-12222377
[NatWest has reported a £351m loss for the year -while
also announcing it will exit the Republic of Ireland.
The bank will wind down its under-performing Irish arm,
Ulster Bank, after a strategic review concluded it
would not achieve sustainable returns.
It intends to sell €4bn (£3.47bn) worth of loans
to Allied Irish Banks as part of its withdrawal
from the country, and it also promised to
ensure job losses were minimised.]
https://news.sky.com/story/natwest-posts-pre-tax-loss-of-351m-and-announces-exit-from-ireland-12222377
[NatWest has reported a £351m loss for the year -while
also announcing it will exit the Republic of Ireland.
The bank will wind down its under-performing Irish arm,
Ulster Bank, after a strategic review concluded it
would not achieve sustainable returns.
It intends to sell €4bn (£3.47bn) worth of loans
to Allied Irish Banks as part of its withdrawal
from the country, and it also promised to
ensure job losses were minimised.]