Permanent TSB to acquire 25 Ulster Bank branches and non-tracker mortgages

List of the 25 branches Permanent TSB is to takeover

Ulster Bank announced this year it will undertake a phased withdrawal from Ireland's banking network.

Permanent TSB has entered an agreement to acquire 25 Ulster Bank branches along with €7.6bn of non-tracker mortgages, business loans along with Ulster's Lombard Asset Finance business, including the Lombard digital platform.

Under the agreement, Ulster owner Natwest will take a minority stake in Permanent.