Dáil Éireann Debate, Tuesday - 18 February 2014
234. Deputy Michael McGrath asked the Minister for Finance if he or his officials have had any discussions recently with the UK authorities regarding the future of the Ulster Bank operations here in advance of the publication by its parent company Royal Bank of Scotland of its global review of operations; and if he will make a statement on the matter. [8286/14]
View answerThe Deputy may be aware that, following the review by the UK Treasury in Autumn 2013, RBS reaffirmed its commitment to the Irish market. RBS is currently reviewing the operations of Ulster Bank in Ireland with a view to creating a sustainable business model. My Department has engaged with the UK Treasury on this matter. I also recently met with RBS executives on their outlook for the bank both here and in the UK.
I must await the findings of the review before commenting further.
