Ellvena Graham, the chief executive of Ulster Bank in Northern Ireland, has said that the bank is planning for branch closures.
Graham added that the branch closures are inevitable, reported BBC News. However, she did not specify a figure on how many more branches would close.
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Larry Broderick, the general secretary of the Irish Bank Officials Association (IBOA) said that the branch closures would result in job losses.
Ulster Bank, which is owned by Royal Bank of Scotland (RBS), has 79 branches.
RBS noted that the pace of branch closures is unlikely to slow, with customers increasingly choosing to do their banking online.
Till date, over 100 branches have been closed across RBS.
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By GlobalDataAn operating profit of $394m for third quarter has been reported by Ulster Bank in the third quarter of 2014 compared to $58m in the last quarter.
