Customers will stay: Ulster Bank

The head of Ulster Bank in Ireland has claimed the 100,000 customers frozen out of their accounts for more than a week will not flee the under-fire firm.

Company chief executive Jim Brown said despite the damage the ongoing scandal had caused, he did not accept those affected were set to transfer to rival banks.

It came as the Central Bank said it was concerned “by the unacceptable continuing delays by Ulster Bank in fully resolving the failure of its payment system and the consequent impact on its customers”.