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Duffy aims to join loan market

The former head of Bank of Scotland's Irish arm, Mark Duffy, is behind a new venture that is aiming to muscle in on the Irish commercial lending market, the Herald has learned.

It's understood the venture will target specialised lending towards borrowers seeking between €5m and €20m, a segment of the market where funding sources were squeezed following the financial crisis.

Mr Duffy is understood to be on a fundraising roadshow in the US this week.