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No timeframe for third banking force - Guinane

Deposits - €10 billion mark passed
Deposits - €10 billion mark passed

Permanent TSB's chief executive, David Guinane, says merger talks have not moved on. There has been talk of a link with EBS and Irish Nationwide for Permanent TSB.

Mr Guinane confirmed the bank has not been in talks with Anglo Irish Bank, but he could not say when consolidation of a third banking force was likely.

Meanwhile, the bank said today that it has passed the €10 billion mark for retail deposits for the first time. It says it hopes to bring in a further €2 billion this year.

The bank says that half of all its regular savers are under 35, and three quarters are not home owners. It says it more than doubled the number of regular savings accounts held by customers from 20,198 in January 2008 to 52,945 in January 2010.

It also today launched an independent 'user friendly' guide to savings and investments.