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:
“We are constantly thinking of the great war ... which saved the Union ... but it was a war that did a great deal more than that. It created in this country what had never existed before—a national consciousness. It was not the salvation of the Union, it was the rebirth of the Union.”
—Woodrow Wilson (1856–1924)
“The rule for hospitality and Irish “help,” is, to have the same dinner every day throughout the year. At last, Mrs. O’Shaughnessy learns to cook it to a nicety, the host learns to carve it, and the guests are well served.”
—Ralph Waldo Emerson (1803–1882)
“People get a bad impression of it by continually trying to treat it as if it was a bank clerk, who ought to be on time on Tuesday next, instead of philosophically seeing it as a painter, who may do anything so long as you don’t try to predict what.”
—Katharine Whitehorn (b. 1926)