Nationwide Announces Plans For Ireland Operation
UK-based building society, Nationwide on Monday unveiled plans to launch an
operation in the Republic of Ireland. Nationwide revealed this week that it intends to set up an operation which
will initially offer savings products by post, phone and online. However, the planned expansion is subject to approval from the Financial Services
Authority (FSA) and the Irish Financial Services Regulatory Authority (IFSRA). In a statement, Nationwide explained that: "This is a prudent strategic move by the Society that will enable Nationwide,
the UK's second largest savings provider, to further diversify its geographical
operations and funding opportunities in the Irish Republic. The Society already
has one of the strongest balance sheets in UK financial services in terms of
its construct and its quality." "A further announcement will be made, once approval has been given by
the FSA and the IFSRA, prior to the initial launch of the operation." .
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