Changes Under Danske
On 1 March 2005 Danske formally took control of National Irish Bank. It announced as its first act that the Northern Bank and National Irish Bank would be fully separated from each other, with a new management team appointed to National Irish Bank. Some shared back office services will remain. The bank changed over to the Danske Bank technology platform.
The bank adopted the logo of Danske Bank, albeit with the word "Danske" replaced by "National Irish". The bank was formally relaunched on 18 April, with a new product offering, and a revamped internet banking system. Among the innovations is the use of text messages to communicate with customers.
In June 2005 Andrew Healy was appointed chief executive officer of National Irish Bank.
In January 2007 Danske Bank announced that the banking business of National Irish Bank Limited would be transferred to Danske Bank A/S, Irish Branch. The practical effect of this is that from 1 April 2007 National Irish Bank is no longer regulated by the Central Bank of Ireland but by the Danish Financial Services Authority instead, as NIB is now be a division of Danske Bank rather than a separate subsidiary. The business continues to be operated under the brand of National Irish Bank.
In December 2009, National Irish Bank announced that it was launching a restructuring programme, this would involve closing 25 of its branches and also changing is banking model. Beginning in early 2010 National Irish Bank began moving away from a 'Cash Bank' to 'Cashless'. The first of these branches to go cashless were Malahide and Dun Laoghaire branches. By the middle of 2011 National Irish Bank will become a completely cashless bank and will no longer be accepting cash for lodgments. The bank announced that they would be looking at possible third parties to accept cash lodgments.
Further on from the announcement that National Irish Bank will be moving towards a cash-free operation, An Post has been announced as the third party who will accept lodgments on behalf of NIB. This will come into effect from 1 November. It will mean that all National Irish Bank customer will be able to lodge cash they may have in any An Post office around the country, currently there are over 1200 An Post branches in ROI.
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