So, we are a month or so away, from the second RBS strategic review of their Irish operations being published.
I find it inconceivable that the review will recommend the status quo for Ulster Bank. However, it does not seem likely that RBS will exit Ireland entirely.
Hence, the question really is what shape will RBS’s have their operations in Ireland in the future? After all, S&P, and others, think RBS have “radical change” in mind for Ulster Bank.
Having read some of the UB CEO speech, during the week, about RBS’s “commitment” and “focus” on business banking in Ireland, it got me wondering, if RBS will exit retail operations in the RoI, but perhaps not in NI, to focus on business banking only.
Just a thought. We will find out for certain when the review is published shortly.