Ulster Bank Cannot Throw Farmers To The Vultures

IFA President Tim Cullinan said that Ulster Bank cannot sell its loan book to a vulture fund.   “It’s estimated that there are 10,000 farmers with borrowings from Ulster Bank, and a further 10,000 availing of current account facilities. Ulster Bank must make a commitment that it will not to sell its loan book to […]

New Cottage Market for Tipperary

20 Cottage Markets are set to open in towns across the country this year as a result of the ‘Cottage Market’ initiative unveiled by GIY and supported by Ulster Bank and The Ireland Funds.   Last month community groups from across the country were invited to apply to the initiative for funding in order to […]

Rural Ireland must not become a carcass for US Vulture Funds

Independent TD Mattie McGrath has expressed his deep concern at reports that US based Cerberus Capital Management is set to ramp up repossessions of several hundred farms in rural Ireland. Deputy McGrath was speaking after the Irish Independent Farming Section broke the news that that as many as 200 farmers may be affected since the […]

Important For Banks To Provide Early Intervention To Farmer Customers Facing Cashflow Difficulties

IFA Farm Business Chairman Martin Stapleton has acknowledged the commitment by Ulster Bank to provide options to alleviate cashflow pressures on farmers, including interest only repayments and extending working capital.   Martin Stapleton said Ulster Bank’s initiative is important given the severe income pressures on farms this year. He advised farmers who are facing difficulties […]

Ulster Bank Must Continue To Enage With Genuine Farming Customers

IFA President Joe Healy has expressed concern at today’s announcement by Ulster Bank of its plan to sell €100m of agri-loans as part of a total distressed loan book disposal of €2.5bn.   Joe Healy said, “Following IFA meetings with Ulster Bank senior executives in March and early April, Ulster Bank had written letters to […]

Ulster Bank Commits to Seek Solutions With Farming Customers Affected by Proposed Loan Sale – IFA

Following a series of meetings, IFA has received a commitment from Ulster Bank to further engage with farmer customers in loan arrears prior to any sale of their loans, IFA National Chairman has said.   The meetings IFA held with Ulster Bank were in response to the bank’s announcement last month of its plans to […]

IFA Voices Dissatisfaction With Ulster Bank Action

IFA has met with senior Ulster Bank Executive staff in response to the bank’s sudden announcement that it plans to dispose of loans in its specialist loans arrears unit to undisclosed third parties.   Ulster Bank has given customers in debt management 30 days from the date of contact via telephone call, to refinance their […]

IFA To Meet Ulster Bank To Address Farmer Concerns

In response to Ulster Bank’s sudden announcement that it plans to dispose of loans in its specialist loans arrears unit to undisclosed third parties, the IFA has sought an urgent meeting with senior Ulster Bank Executive staff.   The proposed disposal of loans are reported to affect customers who are outside current arrangements or in […]

New Beginning slams Ulster Bank Mortgage write-off offer

New Beginning notes the Ulster Bank proposal today involving the possible debt write down for people who surrender their homes.   Ross Maguire, Founding Member of New Beginning, said:   This is a proposal designed to make Ulster Bank money and their customers homeless. People should be very careful here and get independent advice before […]

5,000 euro won by Lattin Cullin GAA

Bringing the community together was the theme for the recent GAA Force competition held by Ulster Bank in which clubs were invited to submit the ideas for upgrading their facilities over the Autumn Bank Holiday. Proud winners in the Munster region and recipients of a €5,000 cheque were Lattin Cullen GAA of Co Tipperary; Siobhan […]

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