Ulster Bank added to Credit Review Office remit

The powers of the Credit Review Office have been strengthened further, as it is now qualified to run the rule over rejected loans from Ulster Bank, rather than just Bank of Ireland and AIB.

Ulster Bank said yesterday it will join the Credit Review Office from the beginning of June. It will be the first banks to voluntarily join the appeals’ process. It said it has nearly €2bn available to lend to business customers this year.

“We are committed to a strong and productive banking relationship with all customers and, in 2015, we are making €1.9bn available for business lending,” said chief executive Jim Brown.