BoSI plans new products blitz

Interest-bearing current accounts, high interest deposit accounts, discount mortgages and unsecured loans are among the products likely to be launched by Bank of Scotland (Ireland) this year, according to banking analysts.

19th March, 2005

Mark Duffy, the chief executive of the bank, last week said it would open more than 50 branches by November after securing a €120 million deal to buy ESB's shops nationwide. The bank will announce four new consumer products over the next month, and a further three products in late 2005, according to Ben Lambert, British and Irish bank analystwithABNAmro. “Initially, the bank will focus on retail deposits and the mortgage market,” said Lambert. “They...

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