Permanent TSB Group Holdings PLC Statement re: Ulster Bank Withdrawal from ROI (6581P)
19 Febrero 2021 - 1:05AM
UK Regulatory
TIDMIL0A TIDM73HR TIDMNWG
RNS Number : 6581P
Permanent TSB Group Holdings PLC
19 February 2021
Statement by Permanent TSB Group Holdings plc
Permanent TSB plc is a wholly owned subsidiary of Permanent TSB
Group Holdings plc
Permanent TSB plc notes today's announcement by NatWest / Ulster
Bank of its plans to withdraw from the Irish banking market.
Permanent TSB plc (the "Bank") has ambitious plans to grow its
position in the retail and SME markets in Ireland and continue to
be a force for competition. In line with that ambition, the Bank
confirms that it is in early discussions with NatWest in relation
to acquiring certain elements of the Ulster Bank businesses in the
Republic of Ireland. This includes certain Retail and SME assets,
liabilities and operations . Until an acquisition is finally
concluded there can be no certainty that an acquisition will occur
or on what terms. Any such transaction would be subject to normal
shareholder and regulatory approvals.
Eamonn Crowley, the Bank's Chief Executive , said: "permanent
tsb is committed to growth and to supporting customers and
communities. On that basis we are in discussions with NatWest in
relation to acquiring certain elements of the Ulster Bank Retail
and SME Business to provide continuity of service for customers and
to strengthen our ability to provide choice and competition in the
market generally."
-ends-
For Further Information Please Contact:
Nicola O'Brien Leontia Fannin
Head of External Reporting & Head of Corporate Affairs and
Investor Relations Nicola.obrien@permanenttsb.ie Communications
+353 87 148 2275 Leontia.Fannin@permanenttsb.ie
+353 87 973 3143
Note On Forward-Looking Information:
This announcement contains forward-looking statements, which are
subject to risks and uncertainties because they relate to
expectations, beliefs, projections, future plans and strategies,
anticipated events or trends, and similar expressions concerning
matters that are not historical facts. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors, which may cause the actual results, performance or
achievements of the Bank or the industry in which it operates, to
be materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. The forward-looking statements referred to in this
paragraph speak only as at the date of this announcement. The Bank
undertakes no obligation to release publicly any revision or
updates to these forward-looking statements to reflect future
events, circumstances, unanticipated events, new information or
otherwise except as required by law or by any appropriate
regulatory authority.
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END
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February 19, 2021 02:05 ET (07:05 GMT)
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