"Significant minority" of Irish Nationwide branches have gone sale agreed

"Significant minority" of Irish Nationwide branches have gone sale agreed

A significant minority of the 47 Irish Nationwide branches around the country have gone sale agreed, according to a spokesman for agents DTZ Sherry FitzGerald.

The spokesperson declined to say if these include the landmark branch on O’Connell St, Dublin.

He added that the Budget has not yet significantly impacted demand, which had already been healthy.

Irish Nationwide Building Society’s business was transferred to Anglo Irish Bank – now the Irish Bank Resolution Corporation – in July this year. Branch closures began in April after the society’s €3.6 billion in deposits were sold to Permanent TSB in February and were completed in May with the Grand Parade head office the last to close.

Meanwhile, Fianna Fáil leader Micheal Martin has called for a report on Irish Nationwide, that was concluded 18 months ago, to be published.

The building society required almost €5.5 billion in bailout funds from the taxpayer but the Department of Finance said that it has no plans to publish the work from Ernst and Young accountants and McCann Fitzgerald solicitors.

Officials say the reports are confidential and subject to legal privilege.

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