Digital Desk Staff
The board of NatWest is set to make a decision on whether to wind down Ulster Bank in the Republic after more than 160 years in the market.
Sources told The Irish Times that this would result in a break-up of the lender's €20.5 billion loan book.
An announcement will be made by NatWest, formerly known as Royal Bank of Scotland (RBS), on Friday morning.
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Wall Street investment bank Goldman Sachs, which has been advising NatWest on its strategic review into Ulster Bank’s future, is currently in talks with a number of businesses interested in the loan book including AIB, Permanent TSB and Irish non-bank lender Dilosk.
