Donegal Councillor urges Ulster Bank to make statement

A Donegal Councillor is calling on Ulster bank to immediately release a statement in relation to their future.

The calls are made as customers of the bank across the north west are assessing their options amid speculation the bank is to pull out of the Irish market.

The bank’s parent company Nat West is to make a decision this evening, with a formal announcement expected tomorrow morning.

Locally the Bank operate a number of branches in towns such as Sligo, Ballymote, Donegal and Ardara.

Donegal Fianna Fail Councillor and business man Michael Naughton says it’s bad news for local communities and for those that have mortgages with the the bank

Meanwhile Sligo Leitrim Sinn Fein TD Martin Kenny says the expected departure of Ulster Bank is bad news for mortgage holders as it reduces the number of mortgage providers in the Republic of Ireland.

Deputy kenny says the news comes as no real surprise after an intense period of speculation about their future.