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Website. www.bankofireland.com. Bank of Ireland Group plc (Irish: Banc na hÉireann) is a commercial bank operation in Ireland and one of the traditional Big Four Irish banks. Historically the premier banking organisation in Ireland, the bank occupies a unique position in Irish banking history.
ACC Bank; Anglo Irish Bank – in July 2011, merged with the Irish Nationwide Building Society, forming a new company named the Irish Bank Resolution Corporation, itself dissolved in February 2013 under special liquidation following its recapitalisation and directive of Minister for Finance under powers from Credit Institutions (Stabilisation) Act 2010.
The bank received a further €2.7 billion of capital from the Irish State, [9] bringing it into majority state ownership. [2] The bank has over one million customers in Ireland. The chief executive of Permanent TSB is Eamonn Crowley, who succeeded Jeremy Masding in that capacity in June 2020. [10]
The post-2008 Irish banking crisis was when a number of Irish financial institutions faced almost imminent collapse due to insolvency during the Great Recession. In response, the Irish government instigated a €64 billion bank bailout. This then led to a number of unexpected revelations about the business affairs of some banks and business people.
Brian Goggin (banker) Brian Goggin is an Irish banker and former CEO of the Bank of Ireland, Ireland 's second largest bank. He took over from Michael Soden in June 2004. He was due to retire in summer 2009 after forty years with Bank of Ireland. He instead retired in February 2009, two days before the Bank of Ireland robbery by which time ...
The first loans, provided by Bank of Ireland, launched in 2004. [9] Post Office branded credit cards have also been introduced. Accounts opened before July 2019 were provided by Bank of Ireland UK and subsequently transferred to JaJa Finance [10] and accounts opened after November 2019 are now provided by Capital One. [11]
The Irish Payment Services Organisation Limited (IPSO) was established in June 1997. [1] IPSO was a company limited by guarantee owned by its member banks. [2]Its primary objective was to preserve the integrity and security of the bank payment system in Ireland - the systems used for the settlement of physical cheques as well as ATM transfers and debit and credit card purchases.
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