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Sep 27 2019, 16:15 IST/BST
Bank of Ireland
Extends UK Post Office partnership until 2026
- Sectors : Banks
- Companies : Bank of Ireland
DAVY VIEW
Bank of Ireland’s (BOI) renegotiation and extension of the exclusive partnership with the UK Post Office is a further incremental step towards improving the returns generated in the Retail UK division following the exit from the UK credit card market and the closure of the Post Office current account offering. The partnership moves from a commission-based agreement to one of sharing returns with the benefits to become apparent from 2020 onwards.
