RBS may pick Dublin for its EU base after Brexit

Bank’s chairman says it will probably move fewer than 100 staff to Ireland after EU exit

A flag flies above the head office of the Royal Bank of Scotland  in St Andrew Square in Edinburgh, Scotland. Photograph: Russell Cheyne/Reuters

A flag flies above the head office of the Royal Bank of Scotland in St Andrew Square in Edinburgh, Scotland. Photograph: Russell Cheyne/Reuters

Royal Bank of Scotland Group chairman Howard Davies has indicated the bank would probably pick Dublin as its European Union base following Brexit and may have to move “tens” of employees from Britain to other offices.

The chairman of the UK taxpayer-owned bank said: “In our case we don’t have a problem because we do own a euro zone bank in the form of Ulster Bank.” Speaking in a Bloomberg Television interview on Wednesday he said: “Probably we would have to move some people, but we are talking tens of people, not the numbers other banks are talking about.”

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