Irish Lenders Told To Do More To Help Mass Customer Move

By Irene Madongo (April 28, 2022, 5:23 PM BST) -- Ireland's central bank has summoned bank chiefs next month to explain how they are preparing to take on customers from two lenders that are leaving the Irish market, amid concerns that not enough is being done about the switchover.

The financial regulator said on Wednesday that banks must plan properly and have sufficient resources to allow them to respond to the unprecedented movement of accounts as they get ready to take on the clients of the departing lenders, Ulster Bank and KBC Bank Ireland.

It has been reported that 900,000 retails accounts held by the two lenders are expected to have...

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