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Wed 03 Mar 2010Nationwide blames Nama workload for merger delay
EBS AND Irish Nationwide missed the original target deadline of February 28th to conclude the terms of the merger between the two building societies due to “significant work pressures”, according to Irish Nationwide chief executive Gerry McGinn.
Mr McGinn told Nationwide staff in a wide-ranging internal circular last week that the society “had to commit very significant resources” to carry out a review of its commercial loan book.
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