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The bank says it has decided to withdraw from the Irish market after 13 years following “moves by our parent, the Rabobank Group, to simplify its business model across the world and reduce costs”.

RaboDirect Ireland, an online savings bank owned by the Dutch lender Rabobank, will quit the Irish market in May. The bank has up to 90,000 Irish cust(...)

Tim Bicknell, general manager at RaboDirect Ireland. The company has over 90,000 customers in the Republic, about 6 per cent of which have active investment accounts. Photograph: Brenda Fitzsimons

Thousands of RaboDirect investment customers will have to sell their funds or see them transferred to a third party as the bank looks to discontinue t(...)