What the future holds for Irish Nationwide

The proposed merger between Irish Nationwide and EBS appears to be shelved, with Irish Nationwide chief executive Gerry McGinn saying it is ‘‘unlikely’’ to proceed in the short term.

24th April, 2010

The proposed merger between Irish Nationwide and EBS appears to be shelved, with Irish Nationwide chief executive Gerry McGinn saying it is ‘‘unlikely’’ to proceed in the short term.

So what does the future hold for the building society? Finance minister Brian Lenihan has the final say over its destiny, after being granted sweeping powers in return for the state’s €2.7 billion capital injection.

He has signalled that he...

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