question on my EBS savings

S

son of sams

Guest
I understand that EBS are in the process of looking for a buyer.
Can layman's terms anyone tell me what happens to my savings in EBS in the event of this happening considering it is not really a bank and it's "owned" by it's customers?
i.e - is the buyer obligated to to honour all deposits at full value or could I end up losing some money?
Obviously since the buyer is not yet know I'm just looking for a general-type answer

thanks
 
The buyer is likely to be IL&P or Cardinal Capital or there will be no buyer.

Your deposit will continue to be protected by the Irish state regardless of who owns EBS.
 
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