Ulster Bank Ireland DAC (formerly Ulster Bank Ireland Limited)

Ulster Bank was established in 1836. Ulster Bank provides retail, private and corporate banking products and services in the Republic of Ireland and Northern Ireland.

Ulster Bank Ireland DAC is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is BBB (good credit quality). Long-term credit rating assigned to the bank by Moody's is Baa1 (lower medium grade).

Ulster Bank Ireland DAC participates in deposit guarantee scheme of Ireland. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

Ulster Bank Group Centre, George's Quay, 2, Dublin, Ireland

Ulster Bank Ireland DAC is headquartered in Dublin.

Bank Identifiers

BIC (SWIFT)
ULSBIE2DXXX
MFI ID
IEUIBXXX

Credit Ratings (as of May 2018)

Fitch Moody's
BBB (good credit quality) Baa1 (lower medium grade)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Ulster Bank Ireland DAC is rated by Fitch and Moody's.

Credit ratings assigned to Ulster Bank Ireland DAC as of May 2018 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for Ulster Bank Ireland DAC it is set to BBB (good credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for Ulster Bank Ireland DAC is set to F2 (good short-term credit quality).

Long-Term Issuer Default Rating  BBB
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  F2
Viability Rating  bb
Support Rating  2
Support Rating Floor  -

Viability rating for Ulster Bank Ireland DAC is set to bb (speculative fundamental credit quality); support rating is 2 (high probability of external support); support rating floor is not set.

Moody's

Long-term rating for Ulster Bank Ireland DAC it is set to Baa1 (lower medium grade). Long-term bank deposit rating is Baa1 (lower medium grade). Baseline credit assessment is ba1. Short-term rating is not assigned.

Long-Term Rating  Baa1
Long-Term Bank Deposit Rating  Baa1
Baseline Credit Assessment  ba1
Short-Term Rating  -
Outlook  stable

Outlook for the ratings of Ulster Bank Ireland DAC is set to stable (not likely to change).

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Ireland are obliged to participate in Irish deposit guarantee scheme.

In the case of Ulster Bank Ireland DAC failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  individuals, small companies, partnerships, clubs, associations, schools
Covered Accounts  any credit balance on an account with a bank (for example, current accounts, demand deposit accounts, notice deposit account, certificates of deposit, fixed-term deposit accounts, share accounts in a building society or credit union, deposit element of structured deposits/tracker bonds may also be eligible, credit balances on credit cards issued by credit institutions may also be eligible)
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of Ulster Bank Ireland DAC and its components are shown in the table below.

BIC  ULSBIE2DXXX
Bank BIC Code  ULSB
Country Code  IE (Ireland)
Location Code  2D
Branch Code  XXX

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of Ulster Bank Ireland DAC is shown in the table below.

MFI ID  IEUIBXXX

European Presence: 3 banks in 2 countries

Ulster Bank Ireland DAC operates under the brand name Ulster Bank. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

Ireland

  • (this bank) Ulster Bank Ireland DAC (Dublin)

United Kingdom