Irish Life & Permanent is reviewing “various options” for the business, a spokesman has said.
He declined to comment on a newspaper report this morning claiming that the firm may split into separate companies, saying that the company was in an “ongoing review process”.
“We review various options for the business,” Ray Gordon, a spokesman for the mortgage lender and life insurer said. “We don’t comment on speculation on individual options.”
The report claims one scenario Irish Life & Permanent is examining would see the firm become a holding company with the life insurance, banking and asset management units operating as distinct companies within it.
Irish Life & Permanent announced last December it was in talks with EBS Building Society about ways the two companies could work together and these talks remain underway.
