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Important Customer Notice

Lombard Ireland presence in the Republic of Ireland

What have you announced today?

Today, in line with our announcement of the 19th February, we announce that Ulster Bank and its parent NatWest Group have agreed a non-binding Memorandum of Understanding with Permanent TSB Group (“PTSB”) for the proposed sale of a perimeter comprising of all facilities in Ulster Bank’s Lombard Asset Finance business, including the Lombard digital platform. This non-binding Memorandum of Understanding is subject to further due diligence, the negotiation and completion of a final binding agreement and the obtaining of regulatory approvals.

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