Nationwide intends to set up an operation subject to approval from the Financial Services Authority (FSA) and the Irish Financial Services Regulatory Authority (IFSRA), which will initially offer savings products by post, phone and online.
This is a strategic move by the society that will enable Nationwide to further diversify its geographical operations and funding opportunities in the Irish Republic.
A further announcement will be made, once approval has been given by the FSA and the IFSRA, prior to the initial launch of the operation.