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Mon 02 Feb 2010'Third force' bank should lend to small businesses - report
A THIRD banking force to provide competition to AIB and Bank of Ireland should specialise in lending to small businesses and should include Bank of Scotland (Ireland), a report by the union Unite is expected to recommend.
A report prepared by FGS Consulting on behalf of Unite says a four-way merger between EBS Building Society, Irish Nationwide Building Society (INBS), Permanent TSB and Bank of Scotland (Ireland) (BoSI) would give the proposed third banking entity the necessary “heft” to compete with the Republic’s biggest banks.
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