Ulster Bank
(asked on 2nd December 2020) - View Source
Question to the HM Treasury:
To ask Her Majesty's Government what assessment they have made of the future of Ulster Bank.
This question was answered on 16th December 2020
This is a commercial matter for the management and Board of NatWest Group.
The government manages its shareholding in NatWest Group at arm’s length on a commercial basis through UK Government Investments Ltd (UKGI). UKGI's role is to manage the investment, not the bank itself. NatWest Group retains its own independent board and management team for strategic and operational decisions.