M/21/076 – PTSB/Certain Assets of Ulster Bank

Transaction details

The proposed acquisition of certain assets of Ulster Bank Ireland DAC by Permanent TSB plc has been cleared by the Competition and Consumer Protection Commission.

Notification date Decision date
Wednesday December 22, 2021 Thursday, July 21, 2022
Parties Involved Business activities
Permanent TSB plc

Permanent TSB plc is a provider of retail and small and medium sized enterprises banking in the State, offering a range of banking products such as business and personal current accounts, overdrafts, mortgages, business and personal loans, credit cards and home insurance.

Ulster Bank Ireland DAC

Ulster Bank Ireland DAC is a full service retail and commercial bank providing a range of financial services in the State. Ulster Bank Ireland DAC is a wholly-owned subsidiary of NatWest Group plc.

Economic sector Media merger
Financial and Insurance Services No
Submissions from third parties due by:
Phase 1 Phase 2
Tuesday, January 4, 2022 Monday, May 30, 2022
Date of Requirement for Information Date Information Received
Monday, January 31, 2022 Monday, March 28, 2022
Current status: Completed
Cleared (Phase 2)
Authorised Officer Assigned Contact Details
Craig Whelan


Eilís McDonnell


Media enquiries: communications@ccpc.ie

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