Five Irish banks hold urgent talks over massive exit of account holders

Mark Battersby
clock • 2 min read

Five Irish retail banks have agreed to come together to deal with a massive departure of account-holders from two lenders that are leaving the market, the Central Bank of Ireland said in a statement on 17 May.  The central bank said it met the chief executives of Ulster Bank, KBC Bank Ireland, Bank of Ireland, Permanent TSB, and AIB on 17 May for a roundtable discussion to pinpoint where the lenders must do more work to help arrange the exodus of clients from Ulster and KBC banks.  Director General, Financial Conduct, Derville Rowland, said: "We arranged the roundtable with a view to ...

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