Ireland Next Stop For UK Building Society

Published: 8/18/2010

The Nationwide Building Society is readying itself for the provision of savings products to customers in the Republic of Ireland.

As long as the proposal is approved by both the FSA and the Irish equivalent then the Nationwide Building Society will begin selling savings products to Irish customers by telephone, online and through the post. The move is being seen as a good strategic option for the Nationwide as it expands their geographic coverage and increases the funding options.

Industry commentators have said that the Nationwide Building Society is already in a strong financial position so this step into Eire is set to improve that position still further.