Central Bank set to clash with NTMA over EBS

The Central Bank may oppose the bid for EBS Building Society by an international private equity consortium led by Dublin-based Cardinal Capital, it has emerged.

12th March, 2011
Central Bank set to clash with NTMA over EBS
{ }

The Central Bank may oppose the bid for EBS Building Society by an international private equity consortium led by Dublin-based Cardinal Capital, it has emerged.

Officials at the Central Bank are understood to be concerned that the incentives of the Cardinal group are not aligned with the needs of Ireland’s banking system and that the state faces further credit risk under the terms of its proposal.

The National Treasury Management Agency (NTMA) named...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago