Danske remains "committed" to Ireland says NIB

UPDATE: Danske chief executive Peter Straarup labelled the purchase of NIB an “unfortunate acquisition.” He said that Danske needs to “sweat out” Irish operations.

1st November, 2011
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National Irish Bank said that its Danish parent company Danske Bank remains “committed” to Ireland, according to a report on Bloomberg.

Danske chief executive Peter Straarup said in a phone interview that the bank will “continue to be plagued by higher impairment charges’ a ’couple quarters into 2012.” He labelled the purchase of National Irish Bank an “unfortunate acquisition.” He said that Danske needs to “sweat out” Irish operations....

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