Lombard Ireland presence in the Republic of Ireland
We remain fully open for all business from both new and existing customers.
An update from Lombard
Further to previous announcements, we are preparing for the transfer of Ulster Bank’s Lombard Asset Finance business, including the Lombard digital platform to Permanent TSB.
We have written to Lombard Asset Finance customers detailing their specific asset finance agreement(s) that are included in the sale. We will ensure customers, including those in vulnerable situations, have ample notice periods as well as any support they may need.
Please see customer frequently asked questions (FAQs) relating to this below for more information.
Frequently Asked Questions
What was announced by the Competition and Consumer Protection Commission (CCPC) on 22nd July 2022?
The CCPC approved the sale of performing non-tracker mortgages; the performing loans in our micro-SME business, Ulster Bank’s Lombard Asset Finance business, including the Lombard digital platform; and a subset of Ulster Bank branch locations to Permanent TSB and the transfer of a number of Ulster Bank staff who are wholly or mainly assigned to this portfolio.
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