Gerry Mallon

53 results

Ulster Bank’s operating profit plunged in 2016 as it set aside €211 million for litigation and conduct costs

Ulster Bank’s operating profit plunged last year as it set aside €211 million for litigation and conduct costs, mainly associated with an industry-wid(...)

Ulster Bank has the highest costs in relation to revenue of any RBS business. Photograph: Alan Betson

Ulster Bank is likely to face more cuts as its parent RBS tries to boost capital after failing Bank of England stress tests, according to analysts. Th(...)

Ulster Bank chief executive Gerry Mallon has  said about 2,000 customers were denied a tracker rate in the past by the bank’s failure to honour contractual entitlements. Photograph:   Alan Betson

Some 14 or 15 customers of Ulster Bank may have lost their homes as a result of being denied a lower tracker mortgage interest rate, the chief execut(...)

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(...)

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