Ulster Bank says Cead Mile Failte to 100,000 new current account customers

6th January 2008

Ulster Bank today announced that 100,000 customers across the island of Ireland opened an Ulster Bank current account in 2007 joining over 1.7 million customers who are benefiting from a range of excellent value innovative products offered by the bank.

The bank has also today re-launched their highly successful €150 cash incentive offer to customers who switch to an Ulster Bank current account. The €150 cash incentive offer, which commences tomorrow and runs until the 21st March, is available to customers throughout Ulster Bank's 130 branches throughout the Republic of Ireland. Customers who take advantage of this offer will not only receive a €150 cash bonus, they can also choose from a range of current accounts all of which offer transaction fee free banking.*

To avail of this offer, all customers need to do is switch from a competitor current account and redirect their salary to an Ulster Bank current account. A dedicated Ulster Bank switcher team will manage the process and a new account will be up and running within ten days.

Commenting on today's announcement, Richard Donnan, newly appointed Managing Director of Ulster Bank Retail Markets said, "As part of our ambition to be the number one bank on the island of Ireland, Ulster Bank has been continually bringing innovative, competitive products and high levels of service to customers in Ireland. Last year 100,000 current account customers proved this by deciding to join Ulster Bank. With the re-introduction of our €150 switcher incentive now is a great time to join them and experience the value proposition that Ulster Bank has, not only on its transaction fee free current account but across all its banking products."

Anyone interested in taking up this great offer should call into any one of Ulster Bank's 222 branches throughout the island of Ireland, call 1850 804 804 or log on to www.ulsterbank.com for further information.

Note to Editor:

* Additional charges apply. Full details on this offer can be found in Ulster Bank branches throughout the country.