Ulster Bank looks set to quit the Irish market after 160 years

The board of NatWest is to meet on Thursday evening to discuss a proposal to wind down Ulster Bank's operations here
Ulster Bank looks set to quit the Irish market after 160 years

The move is likely to result in the break-up of the lender's €20.5bn loan book, prompting fears that some of these could be sold to vulture funds. Picture: Sam Boal / RollingNews.ie

Thousands of banking jobs may be in jeopardy as Ulster Bank's presence in Ireland looks set to come to an end after more than 160 years.

Concerns had been raised on several occasions by TDs and unions about the future of the bank's operations in Ireland, including some 2,800 staff in the Republic and a further 600 in Northern Ireland.

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