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Bank of Ireland to provide update on Northern Ireland branch closures

The Bank of Ireland has said it will provide an update on branch closures in Northern Ireland after reports it is to significantly scale back its operation. Monday s Irish Times reported the bank is considering a revamp of its operations in NI although it would still maintain a local presence. The bank has 28 branches across Northern Ireland and has been engaged in a review since August last year. It said all options were being considered for its retail business. Sources told The Irish Times a number of NI branches are to close as part of a cost-cutting plan to reshape the business. They indicated this could mean more focus on business banking as opposed to personals as its market share was greater among the business sector.

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