EBS profits surge 9% to €53.8m

JOINT ventures could form part of EBS Building Society's future strategy in certain circumstances, but the group's mutual status was not negotiable, chief executive Ted McGovern said yesterday.

With Irish Nationwide due to "demutualise", EBS will be the sole occupier of the mutual space in the Irish market.

"That gives EBS a unique marketing position within the Irish market," said McGovern.