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Ulster Bank's income falls on lower lending, deposits

  • 📰 RTEbusiness
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Ulster Bank said its total income, including discontinued operations, for the three months to the end of March fell to €118m from €142m the same time last year.

The bank, which is in the process of leaving the Irish market, reported a zero level of operating profits compared to operating profits of €13m in the first quarter of 2021.

It reported an operating loss, from continuing operations, of €51m compared to an operating loss of €56m the same time last year. The proposed sale of the bank's performing non-tracker mortgage book, its performing SME/Business Direct business, the Lombard Asset Finance loan business of Ulster Bank and 25 branch locations in Ulster Bank's network to Permanent TSB remains subject to competition, regulatory and other approvals.

 

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