NIB sale decision in new year

THE future of National Irish Bank (NIB) will not be decided until the new year, the troubled bank's Australian parent said yesterday.

NIB sale decision in new year

National Australia Bank (NAB) chief executive John Stewart said the bank had received several expressions of interest in NIB and Northern Bank, its sister operation in the North but that a decision on whether to sell the banks would be deferred until after Christmas.

"We have received initial expressions of interest and we expect to make a decision on the future of these Irish banks over the next few months," said Mr Stewart.

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