BoSI group waits on Lloyds decision

SENIOR management at Bank of Scotland (Ireland) are understood to be expecting a decision from Lloyds in the coming weeks on their bid to run the company being established to look after the bank’s Irish operations.

BoSI announced last month that it was winding down its Irish operations following a strategic review which found no opportunity for growth in the Irish market.

The bank said at the time that it would enter into an agreement with an independent service company that would perform various administrative functions relating to the BoSI banking business.