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:
“In my public statements I have earnestly urged that there rested upon government many responsibilities which affect the moral and spiritual welfare of our people. The participation of women in elections has produced a keener realization of the importance of these questions and has contributed to higher national ideals. Moreover, it is through them that our national ideals are ingrained in our children.”
—Herbert Hoover (1874–1964)
“Irishness is not primarily a question of birth or blood or language; it is the condition of being involved in the Irish situation, and usually of being mauled by it.”
—Conor Cruise O’Brien (b. 1917)
“I know a bank where the wild thyme blows,
Where oxlips and the nodding violet grows,
Quite overcanopied with luscious woodbine,
With sweet musk-roses, and with eglantine:
There sleeps Titania sometime of the night,
Lulled in these flowers with dances and delight.”
—William Shakespeare (1564–1616)