Lombard Ireland presence in the Republic of Ireland

There is no impact on your Lombard product(s).  We have written to customers to confirm that all Asset Finance agreements will transfer to Permanent TSB. 

If you repay by Direct Debit, you do not need to take any action.  

If you pay us by any other method (Standing Order, electronic transfer or cheque), please refer to the FAQ relevant to you below, which outlines what actions you need to take.

Please be assured that the transfer of your Asset Finance agreement(s) to Permanent TSB does not affect your legal and regulatory protections.  From the Transfer Date, all the rights and entitlements of the Bank under your Asset Finance Agreement(s), together with all Asset Finance Agreement documents, guarantees and security documents (the “Facility Documents”), will transfer to PTSB and your obligations in respect of the Facility Documents will be owed to PTSB rather than Ulster Bank.  You should continue to make all repayments in line with your Asset Finance Agreement documents. 

We expect the transfer of your Lombard Asset Finance product(s) to Permanent TSB will be completed by the end of July 2023. We will continue to support you through this process and have written to you to let you know when Lombard Asset Finance product(s) are expected to transfer. If you haven’t received a letter please call us on 0818 210 263* or contact your Relationship Manager.

If you are making your payments via Direct Debit, provided you have a Direct Debit coming from an active current account, you do not need to take any action. Further Direct Debits will be collected by Permanent TSB with effect from the Transfer Date.

If you are making your payments by Standing Order or by electronic payment, you will need to update these payments with effect from the Transfer Date. We will contact you separately to provide these new details to you.

If you are paying by cheque, with effect from the Transfer Date, you will need to make all cheque payments to Permanent TSB, quoting your Agreement Number. Permanent TSB will provide their contact details to you following the Transfer Date. 

Please print out our Direct Debit mandate here, complete the Direct Debit mandate with your new bank details and return it by post to us at the address below:

Lombard

Ulster Bank Head Office 

Block B

Central Park

Leopardstown 

Dublin 18

Alternatively, contact us via e-mail at info@lombard.ie or phone us at 0818 210 263* and we can arrange to send a Direct Debit mandate to you digitally via our Adobe e-sign, our trusted electronic signature tool.

Yes. We will continue to support new and existing customers with their asset finance needs.

Please continue to contact us directly by calling us on 0818 210 263* or contact your Relationship Manager for any new business requirements.

It is important to note that, should your application be approved, the product will transfer to Permanent TSB in the future, along with the entire Lombard business.

Nothing. We will continue to process all applications that have been submitted and we’ll be in touch with you to provide you with update on your application.

It is important to note that, should your application be approved, the product will transfer to Permanent TSB in the future, along with the entire Lombard business. 

The ‘Lombard’ brand name will not continue with Permanent TSB after the transfer. The business will be operated by Permanent TSB Plc T/A Permanent TSB Asset Finance after the transfer and will be open for business. 

As Lombard staff will also transfer to Permanent TSB, there will be no change to your Asset Finance contacts or Relationship Manager. Contact information such as email address will change, and Permanent TSB will provide all contact details to you following the Transfer Date. 

Please be assured that this announcement does not affect your legal and regulatory protections.  Any asset finance agreement(s) you currently have with us, including all related documentation and security, will transfer to PTSB. You should continue to make all repayments in line with your asset finance agreement documents. The transfer of your asset finance agreement(s) to Permanent TSB will not impact your credit rating, however repayments must be kept up to date both prior to transfer and following the transfer. 

If you do not want your Asset Finance agreement(s) to transfer to Permanent TSB, you will need to repay your Asset Finance agreement(s) before it transfers to Permanent TSB.  You should contact us via e-mail at info@lombard.ie or phone us at 0818 210 263*. We can provide you with an early settlement figure and discuss next steps.

All information related to this update is available on our website www.lombard.ie. If you have any further questions, contact your dedicated Relationship Manager, or contact us by phone on 0818 210 263*.

To understand the impact on other products you may have with Ulster Bank Ireland DAC please refer to www.ulsterbank.ie/business. If you have any further questions, our teams are ready to support customers and can be contacted here.

Ulster Bank is closing and has begun to close current and deposit accounts.  If your six-month closure notice period has passed and your deadline has been reached, your account is now queued for closure. You must take action now. If you are still relying on your personal or business bank account and in need of support, please contact Ulster Bank immediately. If you have a current account with Ulster Bank, our teams are ready to support customers and can be contacted here.

To understand the impact on other products you may have with Ulster Bank Ireland DAC please refer to www.ulsterbank.ie where there are frequently asked questions related to mortgages, current accounts, and other personal banking products.