On Friday morning, Ulster Bank confirmed that they were pulling out of the Irish market.
The announcement of a “phased withdrawal” follows a strategic review by UK parent company, NatWest, into its operations here.
It’s already agreed a deal with AIB for the transfer of 4 billion euro in corporate and commercial loans as well as some employees.
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There are now fears that this latest development will lead to a lack of competition in the banking sector in Ireland.
On Monday’s Morning Focus, Gavin Grace spoke to Ennis’ Dr. Mícheál Collins, Assistant Professor of Social Policy at School of Social Policy, Social Work and Social Justice, University College Dublin and previously Senior Economist at the Nevin Economic Research Institute (NERI).
