Ulster Bank: Encyclopedia II - Ulster Bank - Recent change

Ulster Bank - Recent change

Prestigious new head office premises were opened in the Republic at George’s Quay, Dublin, in 1997 and in Northern Ireland at Donegall Square East, Belfast, in 2000. Following the acquisition of National Westminster Bank by the [Royal Bank of Scotland Group in 2000 - the largest take-over in United Kingdom banking history - Ulster Bank has continued to operate independently within the new group. During 2001 Ulster Bank Group simplified its legal structure by transferring its banking business in the Republic of Ireland to Ulster Bank Ireland Limited in accordance with the Central Bank Act 1971. Meanwhile, although stockbroking interests acquired by Ulster Bank in the 1990s were disposed of, growth has continued. In 2003 First Active plc, Ireland’s oldest building society, was acquired.

On 24 October 2005 Ulster Bank dropped the National Westminister Bank cheveron logo it had used since 1970, and switched to using the RBS symbol, with the RBS logo type replaced by the words "Ulster Bank" in the same font.

Today Ulster Bank Group is the third largest bank in the Republic of Ireland and provides a comprehensive range of financial services to personal, small business and large corporate and institutional customers across the whole of the island of Ireland – its success firmly rooted in its long and distinguished heritage.

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