Rabobank: No plans to exit Irish market

DUTCH-owned lender, Rabobank has reiterated its commitment to the Irish market — where it has more than 70,000 customers — despite reports claiming it is looking to exit here in the next few years.

The bank, which owns ACC Bank here, said yesterday — in a statement coinciding with the publication of its annual results — that it is focused on improving the state of its Irish loan book.

“Contrary to some reports, Rabobank Group has no plans to exit the Irish market. The bank is fully supportive of its Irish business and its current strategy to alleviate the problems in the ACC Bank loan book,” it added.