National Irish Bank (NIB) (Irish: Banc Éireannach Náisiúnta) is a commercial bank in Ireland, one of the traditional Big Four of Ireland. In December 2004 Danske Bank agreed to purchase National Irish Bank (and Northern Bank) from the National Australia Bank for GB£967m (approx €1400m).
It is the fourth largest main street bank in the Republic of Ireland and offers a full range of commercial and personal banking products. It is part of the Laser payment system.
The bank suffered a scandal in its personal banking division in the 1990s (see history, below). However it has undergone substantial change as a result of its acquisition by Danske Bank, with a new look and product offering unveiled on 18 April 2006. It ceased to be an Irish private limited company by shares on 1 April 2007, and now trades as a division of Danske Bank. It has 66 branches, 649 employees and 167,000 customers. As a result of changes announced on 10 May 2012, it will effectively cease to exist as a separate organisation by the end of 2012, being reintegrated with Northern Bank and rebranded (together with Northern Bank) to the Danske Bank name.
Read more about National Irish Bank: History, Changes Under Danske, Tiger Robbery, August 2006
Famous quotes containing the words national, irish and/or bank:
“The national anthem belongs to the eighteenth century. In it you find us ordering God about to do our political dirty work.”
—George Bernard Shaw (1856–1950)
“I hope you will not be washed away by the Irish sea.”
—Henry David Thoreau (1817–1862)
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—Henry David Thoreau (1817–1862)