An Post moves into financial market

AN POST will shortly begin negotiations with a leading bank with a view to providing a full range of financial services.

The Cabinet cleared the way yesterday for the State-owned company to begin the discussions.

An Post has already teamed up with AIB to provide a limited range of banking services such as lodgements and withdrawals to AIB customers. Meanwhile, an Post's subsidiary, One Direct, offers products such as car, home and travel insurance.