BoI offloads Bristol & West for €218m
The bank said yesterday it would offload the former building society’s 97 branches and its deposit book of around stg£4.5 billion (€6.75bn) to Britannia, the number two building society in Britain.
Britannia will close around 30 of the branches and operate the remainder under its own brand, but said there would be no forced job losses when the deal is completed later this year. Bank of Ireland will retain the Bristol & West brand and its existing mortgage business.
