Belfast Telegraph

Ulster Bank boss gives a warning over vote on Brexit

By Rachel Martin

Uncertainty caused by the EU referendum is damaging for business here, Ulster Bank boss Richard Donnan has said.

Mr Donnan said he had not seen anything suggesting that leaving the EU would be beneficial to the UK in the short to medium term.

While he said the bank would not be taking a position on the referendum, Mr Donnan - who heads up the bank in Northern Ireland - said: "The position in Ulster Bank is that we are about supporting our customers. We wouldn't have a firm view on whether we should leave or whether we should remain [in it]."

He added: "What we do think is that in the short term it creates uncertainty and uncertainty is not good for business.

"You're far better having a certain environment and the key is we get certainty. I haven't seen anything suggesting that leaving the EU would be a good thing in the short to medium term."

Belfast Telegraph

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