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Europe Daily Bulletin No. 8850

17 December 2004
Contents Publication in full By article 32 / 41
ECONOMIC INTERPENETRATION / (eu) banking

DANSKE BANK will be taking over two Irish subsidiaries of NATIONAL AUSTRALIA BANK for £ 967 million. The subsidiaries: NORTHERN BANK, the largest retail bank in Northern Ireland (with a third of the market and a workforce of 2300 with 95 branches) and NATIONAL IRISH BANK. , the second largest bank in this sector with 800 workers and 59 branches account for 3% of all loans made in the Irish Republic. They obtained net profits of EUR 73.65 million in the tax year closing 30 September of this...

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION