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Following a series of meetings, IFA has received a commitment from Ulster Bank to further engage with farmer customers in loan arrears prior to any sale of their loans, IFA National Chairman has said.

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IFA has met with senior Ulster Bank Executive staff in response to the bank’s sudden announcement that it plans to dispose of loans in its specialist loans arrears unit to undisclosed third parties.

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In response to Ulster Bank’s sudden announcement that it plans to dispose of loans in its specialist loans arrears unit to undisclosed third parties, the IFA has sought an urgent meeting with senior Ulster Bank Executive staff.

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IFA President Eddie Downey has called for the excessive bank charges being imposed on farmers and agri-businesses for debit card transactions to be reduced.

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IFA Farm Business Chairman Tom Doyle said the move by Bank of Ireland to ban lodgements and withdrawals at the counter in branches will cause great difficulty for some farmers who are not familiar with their online system.

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