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Encyclopedia > Bank of Ireland
Governor and Company of the Bank of Ireland
Type Public
Founded Dublin, Ireland (1783)
Headquarters Dublin, Ireland
Key people Brian Goggin, CEO
Industry Finance
Products Banking products
Revenue €3.677 billion (2006)
Operating income €1.599 billion (2006)
Net income €1.292 billion (2006)
Employees 12,000 (2005)
Website boi.ie

My wife and I went to visit our daughter in the UK. I used my Ulster Bank credit card and wasn't charged any extra fees. My wife who has a Bank of Ireland credit card was charged a "Cross Border Handling fee" of 1.75%. All this from a supposed customer friendly bank. A bank that makes millions in profits out of its customers every year. And the name of the bank should be changed to "Rip of Ireland Bank" Image File history File links This is a lossless scalable vector image. ... Image File history File links Information. ... Prose is writing distinguished from poetry by its greater variety of rhythm and its closer resemblance to the patterns of everyday speech. ... Image File history File links This is a lossless scalable vector image. ... This article does not cite any references or sources. ... Dublin city centre at night WGS-84 (GPS) Coordinates: , Statistics Province: Leinster County: Dáil Éireann: Dublin Central, Dublin North Central, Dublin North East, Dublin North West, Dublin South Central, Dublin South East European Parliament: Dublin Dialling Code: +353 1 Postal District(s): D1-24, D6W Area: 114. ... 1783 was a common year starting on Wednesday (see link for calendar). ... Dublin city centre at night WGS-84 (GPS) Coordinates: , Statistics Province: Leinster County: Dáil Éireann: Dublin Central, Dublin North Central, Dublin North East, Dublin North West, Dublin South Central, Dublin South East European Parliament: Dublin Dialling Code: +353 1 Postal District(s): D1-24, D6W Area: 114. ... Brian Goggin is the current (2005) Chief Executive Officer (CEO) of the Bank of Ireland, Irelands second largest bank. ... This article does not cite any references or sources. ... For the tax agency in the United Kingdom of the same name, see HM Revenue and Customs. ... Image File history File links No higher resolution available. ... Earnings before interest and taxes (EBIT), also known as operating income and operating profit, is a term used to describe a companys earnings. ... Image File history File links No higher resolution available. ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... Image File history File links No higher resolution available. ... For the album by the Kaiser Chiefs see Employment (album) Employment is a contract between two parties, one being the employer and the other being the employee. ... A website (alternatively, Web site or web site) is a collection of Web pages, images, videos and other digital assets that is hosted on one or several Web server(s), usually accessible via the Internet, cell phone or a LAN. A Web page is a document, typically written in HTML...

College Green, Dublin
College Green, Dublin

The Bank of Ireland (Irish: Banc na hÉireann) ISEQ: BKIR_p LSE: BKIR NYSEIRE, officially known as the Governor and Company of the Bank of Ireland is a commercial bank operation in Ireland, which is one of the 'Big Four' in both parts of the island. ImageMetadata File history File links Download high resolution version (1119x1745, 657 KB) Photograph taken by Colin Gregory Palmer in 2005. ... ImageMetadata File history File links Download high resolution version (1119x1745, 657 KB) Photograph taken by Colin Gregory Palmer in 2005. ... The Irish Stock Exchange (ISE) is Irelands stock exchange and can trace its history to 1793. ... The Source by Greyworld, in the new LSE building Paternoster Square. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... “Banker” redirects here. ... Big Four is the name given to the four biggest banks in a certain area: In England & Wales as a whole. ...


Historically the premier banking organisation in Ireland, today Bank of Ireland is number two to Allied Irish Banks. The Bank occupies a unique position in Irish banking history. At the core of the modern-day group is the old Bank of Ireland, the ancient institution established by royal charter in 1783. Bank of Ireland is the oldest bank in Ireland. From the beginning, it was connected closely with the leading banking family in Dublin, the Huguenot La Touche family. A member of that family - David La Touche - was the first Governor. Allied Irish Banks plc (AIB),ISEQ: ALBK, LSE: ALBK, NYSE: AIB, FWB:AIB is a commercial bank based in Ireland not to be mistaken for Anglo Irish Bank. ...


The historic institution as well as being a commercial bank - a deposit-taker and a credit institution - was a Central Bank in embryo, much like the earlier established Bank of Scotland and Bank of England. Bank of Ireland operated the Exchequer Account and during the nineteenth century acted as something of a banker of last resort. Historically Bank of Ireland is a pillar of the Establishment, an Ascendancy institution. It has its historic peculiarities - such as the titles of the chairman of the board of directors (the Governor) and the title of the board itself (the Court of Directors).


The bank was formed by an Act of the Irish Parliament in 1782 to support public and commercial finances in Ireland. The headquarters of the bank until the 1970s was the impressive, Bank of Ireland building in Dublin. This building hosted the Irish Parliament before the Act of Union 1800.Today visitors can still view the impressive Irish House of Lords chamber within the building. The banks headquarters is now a modern building in Baggot Street, Dublin, but the Bank of Ireland in College Green remains a working branch. A little known fact is that when the headquarters was built, it caused the world price of copper to rise - such was the usage in the building.[citation needed] This article is about the legislature abolished in 1801. ... 1782 was a common year starting on Tuesday (see link for calendar). ... The Irish House of Commons entrance The original entrance to the building, facing onto College Green. ... Dublin city centre at night WGS-84 (GPS) Coordinates: , Statistics Province: Leinster County: Dáil Éireann: Dublin Central, Dublin North Central, Dublin North East, Dublin North West, Dublin South Central, Dublin South East European Parliament: Dublin Dialling Code: +353 1 Postal District(s): D1-24, D6W Area: 114. ... The Act of Union 1800 merged the Kingdom of Ireland and the Kingdom of Great Britain (itself a merger of England and Wales and Scotland under the Act of Union 1707) to create the United Kingdom of Great Britain and Ireland on 1 January 1801. ... The former House of Lords chamber in the Irish Parliament Building, today in use as a function room by the Bank of Ireland. ...


In 1958, the Bank took over the Hibernian Bank Limited and in 1965 the National Bank of Ireland Limited, and rebranded them as Bank of Ireland.


Although the bank is headquartered in Dublin, it has operations throughout the Republic of Ireland and the United Kingdom, particularly Northern Ireland, where it prints its own banknotes in Pounds Sterling. In Great Britain, the bank expanded largely through the takeover of the Bristol and West Building Society in 1996. It also provides financial services for the Post Office throughout the UK. Dublin city centre at night WGS-84 (GPS) Coordinates: , Statistics Province: Leinster County: Dáil Éireann: Dublin Central, Dublin North Central, Dublin North East, Dublin North West, Dublin South Central, Dublin South East European Parliament: Dublin Dialling Code: +353 1 Postal District(s): D1-24, D6W Area: 114. ... Northern Ireland (Irish: ) is a part of the United Kingdom lying in the northeast of the island of Ireland, covering 5,459 square miles (14,139 km², about a sixth of the islands total area). ... “GBP” redirects here. ... The Post Office in Oxford. ...


From the foundation of the Irish Free State until December 31, 1971, the Bank of Ireland was the banker of the Irish Government, but not the central bank. The central bank was only formed twenty years after the Irish Free State and is called the Central Bank of Ireland. In 1956 the Bank was authorised to operate the Prize Bond scheme, and continued to do so until 1989. Territory of the Irish Free State Capital Dublin Language(s) Irish, English Government Constitutional monarchy Monarch  - 1922–1936 George V  - 1936–1936 George VI President of the Executive Council  - 1922–1932 W.T. Cosgrave  - 1932–1937 Eamon de Valera Legislature Oireachtas  - Upper house Seanad Éireann  - Lower house Dáil Éireann... is the 365th day of the year (366th in leap years) in the Gregorian calendar. ... Year 1971 (MCMLXXI) was a common year starting on Friday (link will display full calendar) of the 1971 Gregorian calendar. ... The Government (Irish: ) is the cabinet that exercises executive authority in the Republic of Ireland. ... Territory of the Irish Free State Capital Dublin Language(s) Irish, English Government Constitutional monarchy Monarch  - 1922–1936 George V  - 1936–1936 George VI President of the Executive Council  - 1922–1932 W.T. Cosgrave  - 1932–1937 Eamon de Valera Legislature Oireachtas  - Upper house Seanad Éireann  - Lower house Dáil Éireann... Banc Ceannais na hÉireann or the Central Bank of Ireland is the Republic of Ireland which had control of the issue of Irish banknotes and coins. ... A Prize Bond is a non-interest bearing security issued on behalf of the Minister for Finance of the Republic of Ireland by the Prize Bond Company Limited. ...


On 20 March 2005, Bank of Ireland announced 2,000 job cuts in a move to reduce its cost base, this coming despite profits in excess of €1 billion for that financial year. Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ...


The Group provides a broad range of financial services in Ireland to the personal, commercial, industrial and agricultural sectors. These include checking and deposit services, overdrafts, term loans, mortgages, international asset financing, leasing, instalment credit, debt financing, foreign exchange facilities, interest and exchange rate hedging instruments, executor, trustee, stockbroking, life assurance and investment fund management, fund administration and custodial services and financial advisory services, including mergers and acquisitions and underwriting. With the acquisition of New Ireland Assurance in December 1997 the Group has access to additional distribution channels and products for its life assurance and pensions business. The group provides services in multiple currencies, but primarily in the Euro. A stock broker or stockbroker or stock brokerage is someone or a firm who performs transactions in financial instruments on a stock market as an agent of his/her/its clients who are unable or unwilling to trade for themselves. ... It has been suggested that this article or section be merged into Life insurance. ... “EUR” redirects here. ...


The Bank operates telephone and online banking services for its customers under the name 365 phone and 365 online respectively. The telephone banking service was launched in 1996 and was formerly known as Banking 365. The online banking service followed in 1997 and was initially known as Banking 365 online. It also offers the Laser payment system. Laser is the primary debit card system used in the Republic of Ireland. ...


The Group markets and sells its products on a domestic basis through the most extensive nationwide distribution network in Ireland and its direct telephone banking service. The Group has built a market share among credit institutions in Ireland of over 20% of resources and loans outstanding.


In the United Kingdom the Group has an arrangement with the Post Office for whom they provide the majority of the available banking services such as credit cards and loans. The Post Office in Oxford. ...


They formerly operated through Bristol & West plc which was acquired in July 1997, and the Group's retail branch network. Bristol & West operates in selected markets and provides mortgages, savings and investments products to customers. On the 21 September 2005 the retail and contact centre network was sold to Britannia Building Society. The Bank has still retained the right to use the Bristol & West name to sell Mortgages. Bristol and West plc (B&W) is a commercial bank in the United Kingdom, a division of the Bank of Ireland. ... is the 264th day of the year (265th in leap years) in the Gregorian calendar. ... One of the major UK mutual building societies remaining today is the Britannia Building Society, with headquarters in Staffordshire, England. ...


Operations in the rest of the world are primarily undertaken by Bank of Ireland Asset Management who provide fund management services to institutions and pension funds in Germany, Australia, Canada, Japan and the United States.

Contents

History

List currently only covers from 1995 onwards, and is not complete

  • 1995
  • 1996
    • 16 April: Bank of Ireland buys the Bristol & West building society for €882m, which keeps its own brand.
  • 1999
    • 22 May: It is announced Alliance & Leicester is in merger talks with the Bank of Ireland.
    • 17 June: It is announced that merger talks with Alliance & Leicester have been called off.
  • 2000
    • 31 July: It is announced that Bank of Ireland is to acquire Chase de Vere.
  • 2002
    • 17 May: Bank of Ireland acquires Iridian, the US investment manager, which doubles the size of its asset management business.
  • 2005
    • 21 September: Bank of Ireland completes the sale of the Bristol and West branch and Direct Savings (Contact Centre) to Britannia Building Society. This is the first re - mutualisation of a former Mutual company. Britannia promises that there will be no compulsory redundancies.

Year 1995 (MCMXCV) was a common year starting on Sunday (link will display full 1995 Gregorian calendar). ... is the 353rd day of the year (354th in leap years) in the Gregorian calendar. ... The Royal Bank of Scotland plc (Scottish Gaelic: [1]) is one of the retail banking subsidiaries of Royal Bank of Scotland Group plc, which together with NatWest, provides branch banking facilities in the UK. Royal Bank of Scotland has around 700 branches, mainly in Scotland though there are branches in... Citizens Financial Group, Inc. ... Year 1996 (MCMXCVI) was a leap year starting on Monday (link will display full 1996 Gregorian calendar). ... is the 106th day of the year (107th in leap years) in the Gregorian calendar. ... Year 1999 (MCMXCIX) was a common year starting on Friday (link will display full 1999 Gregorian calendar). ... is the 142nd day of the year (143rd in leap years) in the Gregorian calendar. ... Alliance & Leicester plc (LSE: AL.) is an awful British bank, formerly a building society. ... is the 168th day of the year (169th in leap years) in the Gregorian calendar. ... 2000 (MM) was a leap year starting on Saturday of the Gregorian calendar. ... is the 212th day of the year (213th in leap years) in the Gregorian calendar. ... Also see: 2002 (number). ... is the 137th day of the year (138th in leap years) in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... is the 264th day of the year (265th in leap years) in the Gregorian calendar. ...

Michael Soden

Michael Soden abruptly quit as group chief executive on May 29, 2004 when it was discovered that pornographic material that contravened company policy was found on his Bank PC.[1] Soden issued a personal statement explaining that the high standards of integrity and behaviour in an environment of accountability, transparency and openness, which he espoused, would cause embarrassment to the Bank.[2] is the 149th day of the year (150th in leap years) in the Gregorian calendar. ... Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ...


DIRT Controversy

An IR£30.5 million tax arrears liability was settled by Bank of Ireland in July 2000. The Bank told the Oireachtas Public Accounts Committee Inquiry that its liability was in the region of £1.5 million. The settlement figure was 'dictated' by the Revenue Commissioners following an audit by the Commissioners[3]. It was in Bank of Ireland that some of the most celebrated of the "celebrated cases" of non-compliance and bogus non-resident accounts have to date been discovered and disclosed. Thurles, Boyle, Roscrea (1990), Miltown Malbay (1991), Dundalk (1989/90), Killester (1992), Tullamore (1993), Mullingar (1996), Castlecomer, Clonmel, Ballybricken, Ballinasloe, Skibbereen (1988), Dungarvan and, disclosed to the Oireachtas Public Accounts Sub-Committee, Ballaghaderren (1998) and Ballygar (1999). The Oireachtas is the National Parliament of the Republic of Ireland. ... The Office of the Revenue Commissioners (RC) - now called simply Revenue - is the Irish Government agency responsible for customs, excise, taxation and related matters. ... WGS-84 (GPS) Coordinates: 52. ... Boyle is the name of some towns: Boyle, Mississippi (and others) in the United States of America. ... Roscrea (Ros Cré in Irish) is a small town in County Tipperary, Republic of Ireland, located near the midlands of Ireland. ... Miltown Malbay is a village in the west of County Clare, Ireland, next to Spanish Point. ... WGS-84 (GPS) Coordinates: 54. ... Killester (Cill Easra in Irish), is largely a residential suburb of Dublin containing a small number of neighbourhood shops, and lies on the northside of the town. ... WGS-84 (GPS) Coordinates: 53. ... For the place in Canada, see Mullingar, Saskatchewan. ... Castlecomer is the main town in north County Kilkenny, Ireland, with a population of about 2000. ... WGS-84 (GPS) Coordinates: , Irish Grid Reference S199229 Statistics Province: Munster County: Population (2002)  - Town:  - Rural: 16,910 Clonmel (Cluain Meala in Irish) is the largest inland town in the south of Republic of Ireland. ... WGS-84 (GPS) Coordinates: 53. ... Skibbereen (Irish: An Sciobairín) in Ireland is known as the capital of West Cork. ... WGS-84 (GPS) Coordinates: 52. ... The Oireachtas is the National Parliament of the Republic of Ireland. ... Ballygar (Béal Átha Ghártha in Irish) is a village in County Galway, Ireland. ...


The Public Accounts Sub-Committee Inquiry concluded that "the most senior executives in the Bank of Ireland did seek to set an ethical tone for the bank and unsuccessfully sought Revenue Commissioners assistance to promote an industry-wide Code of Practice[4].


Rugby

Bank of Ireland is a major sponsor of rugby in Ireland, being the shirt sponsor of Ulster Rugby and Leinster Rugby - two of the three biggest teams - as well as Connacht Rugby. A rugby union scrum. ... The Irish Rugby Football Union Ulster Branch (also known as Ulster Rugby) is one of four branches of the IRFU, and is responsible for rugby union in the Irish province of Ulster, six counties of which are in Northern Ireland and three in the Republic of Ireland. ... The Irish Rugby Football Union Leinster Branch (also known as Leinster Rugby) is one of four branches of the IRFU, and is responsible for rugby union in the Irish province of Leinster. ... The Irish Rugby Football Union Connacht Branch (the professional team of which which is run by Connacht Rugby) is one of four branches of the IRFU, and is responsible for rugby union in the Irish province of Connacht. ...


References

  1. ^ "Bank of Ireland chief quits over PC porn", The Register, 2004-06-01. Retrieved on 2006-08-15. 
  2. ^ "Personal statement by Michael D. Soden Group Chief Executive Bank of Ireland", Michael D. Soden, 2004-05-29. 
  3. ^ "Revenue set to claw back bonanza in unpaid taxes", The Irish Times, 2000-07-06. 
  4. ^ "Public Accounts Committee Parliamentary Inquiry into DIRT", 1999-09-27. 

Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... June 1 is the 152nd day of the year (153rd in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday (link displays full 2006 calendar) of the Gregorian calendar. ... is the 227th day of the year (228th in leap years) in the Gregorian calendar. ... Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... is the 149th day of the year (150th in leap years) in the Gregorian calendar. ... 2000 (MM) was a leap year starting on Saturday of the Gregorian calendar. ... is the 187th day of the year (188th in leap years) in the Gregorian calendar. ... Year 1999 (MCMXCIX) was a common year starting on Friday (link will display full 1999 Gregorian calendar). ... is the 270th day of the year (271st in leap years) in the Gregorian calendar. ...

See also

The following page lists Irish companies or subsidiaries according to their sector. ...

External links


  Results from FactBites:
 
Bank of Ireland (914 words)
Bank of Ireland is to acquire Burdale Financial Holdings, the London-based corporate lender with 30 staff, for £49m.
Bank of Ireland is planning to close some of its 200 Bristol & West and Bank of Ireland branches in the UK, with a reduction in the 5,500-strong workforce.
Bank of Ireland and Allied Irish Bank are to merge their IT departments into a new company, and the future of about 60 jobs in Northern Ireland is undecided.
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