ULSTER Bank customers in Limerick will learn in the coming weeks whether their local branch is to close as the parent RBS group looks to cut costs.
Around 20 branches north and south of the border are expected to cease operations.
Ulster Bank has six branches across Limerick city and county - at O’Connell Street, Dooradoyle, Castletroy, University of Limerick, Newcastle West and Croom– and another branch in Shannon. Croom lost its only other bank – AIB – last year.
“We continue to keep our branch network under review to ensure that we are operating in the correct locations for our customers,” Ulster Bank stated.
“As part of this review we will be closing in the region of 20 branches and suboffices on the island of Ireland in 2013. We expect to be in a position to provide further details in the next few weeks and will communicate directly with our customers and employees at that time.”
The Irish Bank Officials Association, which represents staff in the financial services sector, is to meet bosses this week to seek greater detail on closure proposals.
“While the possibility of branch closures has been on our negotiating agenda ever since the bank announced proposals for 950 job losses last January, this is the first indication we have received of a specific number. We are disappointed that the bank’s management chose to reveal their intentions in a teleconference to a relatively small number of staff - rather than in the course of the ongoing engagement with IBOA on the restructuring programme,” said IBOA general secretary Larry Broderick.
No county saw more AIB branch losses last year than Limerick, with two of the eight closures in the city, at Corbally and William Street.
Bank of Ireland says it has no plans to close branches.