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Thu 10 Oct 2008Government to extend guarantee to foreign banks
The Government’s guarantee scheme is to be extended to foreign-owned banking groups with “significant” operations in the State, the Minister for Finance Brian Lenihan said today.
In a statement the Minister said Ulster Bank and First Active; Halifax Bank of Scotland (Ireland), IIB Bank, owned by Belgium's KBC; and Postbank, a joint venture between Belgian-based Fortis and the Irish post office; would be eligible for the scheme.
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