Ulster Bank is set to shed another 14 branches in the Republic of Ireland next March, risking 37 jobs.

The latest closures, part of a branch closure strategy announced in July 2013, will reduce the number of Ulster Bank branches in the country to 111.

The bank said that the decision to close a branch is made on a case-by-case basis, based on local information.

The lender said that no other branches would shut down next year, adding that the affected staff will be invited to apply for redeployment.

Ulster expects the redundancies to be carried out on a voluntary basis within its existing agreement with trade unions.

The lender is, reportedly, also in advanced negotiations with An Post to bag a deal that would enable its customers to access certain cash and cheque services through post offices across the country from early 2015.

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