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Liv Vic announces review of banking operations

Liverpool Victoria has announced a strategic review of its banking operations with Fenchurch Advisory Partners appointed to assist in the review.
The review will consider a full range of options for LVBS including performance enhancement measures, strategic partnerships, joint ventures and an outright sale of the business.
Liv Vic group chief executive Mike Rogers says: “We remain fully committed to providing a banking capability to our customers and partners. Nevertheless, given the recent financial performance of the bank, it clearly makes sense for us to explore external options that would enable us to focus on distribution rather than manufacturing.
The aim of the review is to ensure that LVBS has the best structure to meet the needs of Liverpool Victoria’s members, partners and customers going forward.”

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