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The Five Main Retail Banks Hold Meeting With Central Bank Over Movement Of accounts from Ulster Bank And KBC Bank Ireland

RedFM News
RedFM News

07:20 17 May 2022


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The five main retail banks have held a further meeting with the Central bank over the movement of accounts from Ulster and KBC Bank Ireland.

The two banks are exiting the Irish market.

Following today's discussions it was agreed more work was required in a number of areas.

They include better planning, customer focused arrangements, proactive communications and system wide engagement.

Director General of Financial Conduct at the Central Bank, Derville Rowland says the Irish banking system faces a challenge in ensuring the migration of bank accounts goes well.


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