Can EBS help rebuild Irish banking sector?

Irish and international parties are bidding for EBS, and the result of the contest may determine the shape of Ireland’s future financial sector

15th January, 2011

The idea of a ‘third force’ in Irish banking - resurrected almost two years ago - will move a step closer to reality this week when final bids are submitted for EBS.

The bids from Irish Life & Permanent (IL&P) and a consortium made up of Cardinal Capital, Carlyle Group and WL Ross are due to be submitted to the National Treasury Management Agency (NTMA) tomorrow.

Whichever bid is successful, the...

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