Banking entrants set to buy more assets

The motives of the new banking entrants into the Irish market have been picked over and many analysts are now convinced that they will seek to buy more assets.

11th March, 2006

The motives of the new banking entrants into the Irish market have been picked over and many analysts are now convinced that they will seek to buy more assets. Danske, after spending €1.4 billion acquiring Northern, the number two bank in the North, and tiny National Irish Bank in the Republic, has invested a further €200 million in ripping out and replacing the banks’ technology.

It is likely to consider new acquisitions in the...

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