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Ulster Banking

By: EconomyWatch Content Date: 28 October 2009

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Ulster Bank Group offers a range of banking products for personal and business customers in the Republic of Ireland and Northern Ireland. It offers:

· Branch banking and direct banking

· Treasury and money market activities

· Asset financing

· Wealth management

· E Banking

· Credit cards and mortgages

· Loans, savings and insurance

The company was founded in 1836 and is based in Belfast, UK with branches and business centers in the Republic of Ireland and Northern Ireland. Ulster Bank Group operates as a subsidiary of Royal Bank of Scotland Group plc.

Ulster Banking For Small Businesses

Ulster Bank encourages individuals to explore their entrepreneurial side and assists them to get started. The range of benefits that Ulster Bank offers to small business and startup owners are:

· Transaction fee free banking for three years after opening a business current account.

· A startup Business Loan rate of just 4.1% variable.

· Loan of up to €30,000 for new business development purposes without the need for personal asset guarantees.

· A MasterCard Business Card with the annual fee waived for the first year.

· Hire purchase and leasing services offered through Lombard, a leading asset finance provider and a member of the RBS group.

· Free setup and enhanced rates for Ulster Bank’s leading range of solutions for accepting card payments in person, over the phone or online.

· Commercial foreign exchange and trade support services for startups doing business abroad.

Ulster Banking For Corporate Market Financing

The Corporate Markets division in Ulster Bank is a dedicated relationship-focused initiative to help business and corporate customers meet their business goals.

Whether a company is buying new facilities or acquiring another company, Ulster Bank can help it find the best way to raise the money it needs. Ulster Bank's services range from working capital products, such as overdrafts, to larger structured financings and private placements. The relationship manager will help the company find the right solution. Some financing options are:

· European Investment Bank Loan Scheme: Preferential price available for customers who require loan finance.

· Loans: Short term, medium term and long term finance with variable, fixed or capped interest rates as well as currency loans.

· Working Capital: Short-term money through overdrafts or invoice finance.

· Invoice Finance: Sales linked working capital solutions to expand your business, finance growth or fund acquisitions.

· Structured Finance: Structured debt packages for project finance and leveraged buyouts.

· Property Finance:Specialist teams located through Ireland finance residential and commercial property developments and investments.

· Asset Finance: Asset finance from Lombard.

· Debt Capital Markets: Raising capital on the global market: bonds, private placements and securitizations.

· Specialized Finance: A wide range of structured finance transactions and related activities.