Ulster Bank

Ulster Bank Ireland DAC (formerly known as Ulster Bank Ireland Limited, and since June 2025 as Ulydien DAC) was a retail and commercial bank in the Republic of Ireland. It provided a full range of financial services to retail, corporate and institutional customers. It offered current and savings accounts, loans and mortgages, credit cards, home and car insurance, private banking as well as online and mobile banking. The business services included deposit and investment products, commercial cards, business loans, international banking, cash management, payments, treasury risk solutions, market tools and other services. The Ulster Bank Group operated through two entities: Ulster Bank Ireland DAC (registered in Republic of Ireland) and Ulster Bank Limited (registered in Northern Ireland). In 2017 the Group served about 2 million customers through a network of 110 branches in the Republic of Ireland and 65 branches in Northern Ireland, and announced the closure that year of 22 branches in Ireland and 9 branches in Northern Ireland. The Bank was established in 1836 and operated as a subsidiary of National Westminster Bank plc, which became part of the Royal Bank of Scotland Group in 2000; the group was renamed NatWest Group in 2020. In 2004, Ulster Bank Group acquired First Active, a leading mortgage provider. As of December 31, 2016, the Bank had total assets of EUR 38.6 billion and customer loans of EUR 22.5 billion. In February 2021, NatWest Group announced that Ulster Bank Ireland DAC would begin a phased withdrawal from the Republic of Ireland. In January 2023, 25 branches in the Republic of Ireland were sold to Permanent TSB, and the remaining 63 branches closed on 21 April 2023; the final tranches of the residual loan portfolios were sold to Allied Irish Banks and to Dilosk in September 2024. Ulster Bank Ireland DAC returned its banking licence to the Central Bank of Ireland on 27 June 2025 and was renamed Ulydien DAC. Ulster Bank continues to trade in Northern Ireland, where the banking business of Ulster Bank Limited transferred to National Westminster Bank plc on 3 May 2021.

Credit Ratings (Ulster Bank Ireland DAC)

Ratings as of June 2017; shown for historical reference.

Head office address:
Ulster Bank Ireland DAC
George’s Quay, Dublin 2
Ireland
Website: www.ulsterbank.ie (redirects to www.ulydien.ie)

Ulster Bank Limited
Registered Office address
11-16 Donegall
Square East, Belfast BT1 5UB
United Kingdom
Website: www.ulsterbank.co.uk