ACCBank is reviewing its operations in light of the current economic climate, it has told RTÉ News. The bank has declined to comment on whether the review will result in job reductions.
In a statement it said: 'No decisions have been made and the bank will make no comment on speculation.' The bank is owned by the Rabobank Group in the Netherlands.
ACC has been engaged in lending to the construction industry. As a result it wrote off €373m in its results for 2008. That bad debt provision resulted in the bank incurring a loss of €244m.
