A quarter of Ulster and KBC accounts have been closed

€11bn in 941,000 accounts remains on deposit with both banks as they plan their exit from the Irish market

Overseen by the Central Bank, KBC and Ulster Bank have been urging their customers to close their accounts and move deposits and transactions to other institutions. File picture: Leah Farrell/Rollingnews.ie

Less than 25% of Ulster Bank and KBC bank accounts have been closed by their customers this year as both companies prepare to leave the Irish market.

New figures from the Central Bank show just under 300,000 current and deposit accounts have been closed by Ulster and KBC customers up until the end of August.