No move on NIB’s future in short term

THE future of National Irish Bank (NIB) will only be determined as part of on ongoing review and no decision is expected in the short term, the bank’s Australian parent said yesterday.

National Australia Bank (NAB) said it was continuing to review its European operations, which also include Northern Ireland’s Northern Bank and British banks Yorkshire and Clydesdale, amid speculation that a sale of some or all of the banks was being considered.

NAB directors yesterday began a two-day meeting that was expected to include a presentation from Ross Pinney, the bank’s European head.