Bank of Ireland first opens its doors to the public at Mary’s Abbey, Dublin in 1783. By 1920 the branch network had grown to 75 and two years later the bank is appointed official banker to the Irish Government.
In 1969 The National Bank of Ireland, Hibernian and Bank of Ireland merge to form the Bank of Ireland Group. The first PASS ATM is launched in 1980 and in 1989 the Group launched Private Banking. By 2015 Bank of Ireland UK and AA announce financial partnership.
The Bank of Ireland Group is a diversified Financial Services Group. Bank of Ireland, now a subsidiary of Bank of Ireland Group plc, was established in 1783 by Royal Charter. A traditional, relationship-driven retail and commercial bank with a conservative business philosophy, they have a clear and compelling strategy to:
• Support our customers
• Strengthen our capital
• Continue to fund our balance sheet effectively
• Actively manage our credit risks
• Rigorously manage our cost
The Group provides a broad range of banking and other financial services. These services include; current account and deposit services, overdrafts, term loans, mortgages, business and corporate lending, international asset financing, leasing, instalment credit, invoice discounting, foreign exchange facilities, interest and exchange rate hedging instruments, life assurance, pension and protection products. These services are provided by the Group in Ireland with selected services being offered in the UK and internationally.
The Group operates through 4 trading dimensions as follows:
Bank of Ireland Life
Corporate and Treasury
IBI Corporate Finance advises publicly-quoted, private and semi-state companies across a variety of domestic and international transactions.