Gerry Mallon

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Ulster Bank chief executive Gerry Mallon: banks is “satisfied” the fundamentals of the commercial property market in Ireland “remain sound”, particularly in urban locations. Photograph: Cyril Byrne

Ulster Bank’s share of new mortgage lending has increased by four points to 19 per cent in spite of the negative impact of the Central Bank’s macropru(...)

Ulster Bank said it would remain in a strong capital position following payment of the dividend

Ulster Bank will pay a dividend of €1.5 billion to its UK parent company on November 30th, following regulatory approval. This will come from surplu(...)

Some 95 per cent of the Project Oyster loans are in arrears of two years or more with 88 per cent behind with their payments by three years or more.

Ulster Bank has sold its €2.5 billion face value Project Oyster loan portfolio to US private equity group Cerberus. The price paid by Cerberus for t(...)

RBS’s chairman and chief executive are believed to have reiterated to  Minister for Finance Michael Noonan  that they are committed to Ulster Bank. Photograph: Alan Betson

Royal Bank of Scotland’s top brass paid a flying visit to Dublin this week as the group’s board held a regular meeting here. Chairman Howard Davies a(...)

Ulster Bank’s redundancy terms provide for four weeks’ pay per year of service subject to a cap of 104 weeks and £300,000, or its euro equivalent

Ulster Bank and the Financial Services Union have agreed a two-year extension to their procedural and relationship agreement, which allows for volunta(...)

Ulster Bank had an 18 per cent share of new mortgages in the Republic in the first quarter of this year. Photograph: Dara Mac Dónaill

Royal Bank of Scotland wants to increase Ulster Bank’s mortgage market share, improve its capital efficiency and reduce its costs, group chief execut(...)

Ulster Bank’s parent company, Royal Bank of Scotland, last year committed itself to its Irish subsidiary following a strategic review of the business. Photograph: Alan Betson

Ulster Bank has appointed global consulting group McKinsey to identify growth opportunities for the company in the Republic and to look at issues aro(...)

Gerry Mallon, CEO Ulster Bank, Republic of Ireland: “I see Brexit as a short to medium-term challenge.” Photograph: Cyril Byrne

“We don’t have this every time I do an interview,” Gerry Mallon says with a smile as we prepare to tuck into some wonderfully fresh pea and mint soup,(...)

 Gerry Mallon, CEO Ulster Bank: “We’ve made our application to the Central Bank for that [payment] to be made. It’s down to the regulators. We think we’ve got quite a lot of capital.” Photograph: Cyril Byrne / The Irish Times

Ulster Bank has applied to the Central Bank of Ireland for the green light to use some of its surplus capital to make a payment to its parent company,(...)

Ulster Bank reported a reduced adjusted profit of €155 million for the first six months of this year, but improved its share of new mortgage lending to 18 per cent in the first quarter thanks to “hard work on the front line”.

Ulster Bank’s new chief executive Gerry Mallon has said it will be months before it has completed its work on establishing how many mortgage customer(...)

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