Ulster Bank was founded in 1836 and in 1917 became a wholly owned subsidiary of what is now known as NatWest. In 2004 they acquired First Active, a leading mortgage provider. In 2009 First Active merged with the Ulster Bank Group.
With over 180 years of heritage, Ulster Bank Ireland DAC, is a full-service Retail and Commercial Bank, focused on serving the needs of our 1.1m customers in the Republic of Ireland. Ulster Bank leverages the scale, capabilities, and investment capacity of RBS to deliver a superior service proposition to its customers. Investments in technology, brand and people support these goals, to ensure that Ulster Bank remains at the forefront of Irish banking in a changing and competitive market.
The business is formed of two distinct divisions:
Retail banking: Ulster Bank Retail Banking provides branch banking and direct banking services for personal and small business customers throughout the Republic of Ireland.
Corporate and Commercial banking: Ulster Bank Corporate and Commercial Banking answers the day-to-day banking needs of business and corporate customers. They provide treasury and money market services, asset financing, online banking and international services.
Corporate and Commercial Banking
There are three business units-
Business Banking-
• Operates through the distinct geographic locations in the Republic of Ireland
• Provides a range of services to businesses from start-ups and franchises to established companies
• Specialist experience in food, media, building materials, leisure, healthcare, project finance and infrastructure
• Foreign direct investment
• Dedicated invoice finance support
Capital Markets-
• Helps customers understand hedging and investment instruments
• Provides specialist economic advice on treasury developments
Resourcing- Creates and delivers product solutions for business customers in all aspects of transactional banking including:
• International and domestic cash management
• Global trade finance
• Merchant services
• Commercial cards