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BoS to jump on e-commerce bandwagon

The Bank of Scotland is set to hop on the e-commerce bandwagon and launch internet banking services in Europe.


It plans to set up internet banks in Germany, France or Spain following its loss of the £24 million bid for the National Westminster Bank to arch rival The Royal Bank of Scotland.


It refused to confirm what products and services would be available and when the European websites will launch but admitted the project will be low cost compared to Lloyds TSB, which is spending between £200-£300m on an online European banking ventures.

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