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After 160 years servicing Irish customers Ulster Bank have today announced that they are exiting the Irish market. This is not great news for the consumer as Ulster Bank were a key player in the Irish market but also they are a large employer. Important to note Ulster Bank are still open for business. Mortgage applications are still being accepted, processed and mortgages drawn down. For existing mortgage holders there is no need to panic, the wind down will take time, the terms and conditions of your mortgage remain unchanged and you are still covered by the full protections of the Central Bank. CEO Jane Howard has noted that all customers will be contacted.
