Fortis and An Post partnership will create 100 new jobs

The €112 million banking service joint venture between the international financial services group Fortis and An Post will begin to offer savings and investment products to the public by mid-year and will create 100 new jobs by the end of 2007, the partners said in an update today.

The operation, which is subject to the granting of a banking licence by the Irish Financial Services Regulator, will initially offer these products from a selection of post offices. The service will be rolled out across the Post Office network over the next 12 months. The initial savings and investment products will be followed in the autumn by a broader range of banking products including Internet banking and ATM facilities.