BOI private banking merger plan case fast-tracked

An application to merge Bank of Ireland Private Banking into Bank of Ireland will be heard at the Commercial Court next month.

The merger application is being made under the Companies Act and, if granted, will mean Bank of Ireland Private Banking (BOIPB), currently registered as a private limited company, will no longer exist as a separate entity from Bank of Ireland.

Because court approval is required for such a merger, Denis McDonald SC, for Bank of Ireland and BOIPB, applied yesterday to have the relevant petition admitted to the Comemrcial Court. Mr Justice Brian McGovern agreed to admit the matter and fixed July 21 as the hearing date for the petition.