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BOSI takes aim at Bank of Ireland's top business banking spot | Print |  Email
Wednesday, 03 March 2004

Bank of Scotland Ireland, a relatively recent arrival in the Irish banking market, has said it aims to take over from Bank of Ireland as the leading business bank in this country. Speaking at the announcement of healthy annual results last week, chief executive Mark Duffy said BOSI should win over €2bn in new business during 2004 and thereby outpace its rival, which he claims is falling behind as businesses opt for BOSI's allegedly more competitive overdraft and interest rates. BOSI, which is owned by the HBOS group - itself created by a merger between Halifax and Bank of Scotland in 2001 - made pre-tax profits of €157m in the year ending December 2003, up from €103.3m the previous year. Related website:

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