National Irish Bank (NIB) (Irish: Banc Éireannach Náisiúnta) is a commercial bank in the Republic of Ireland, one of the traditional Big Four. In December 2004 Danske Bank agreed to purchase National Irish Bank (and Northern Bank) from the National Australia Bank for GB£967m (approx €1400m). Image File history File links No higher resolution available. ... Danske Bank building at Kongens Nytorv in Copenhagen. ... April 1 is the 91st day of the year (92nd in leap years) in the Gregorian calendar. ... 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era. ... WGS-84 (GPS) Coordinates: 53. ... This article is about the city in Ireland. ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... 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) is a collection of Web pages, images, videos and other digital assets that is hosted on a Web server, usually accessible via the Internet or a LAN. A Web page is a document, typically written in HTML, that is almost always accessible via HTTP, a... A commercial bank is a type of financial intermediary and a type of bank. ... Big Four is the name given to the four biggest banks in a certain area: In England & Wales as a whole. ... ← - 2004 : January - February - March - April - May - June - July - August - September - October - November - December- → Deaths in December • 30 Artie Shaw • 29 Julius Axelrod • 28 Jacques Dupuis • 28 Jerry Orbach • 28 Susan Sontag • 26 Reggie White • 26 Sir Angus Ogilvy • 23 P. V. Narasimha Rao • 23 Doug Ault • 19 Renata Tebaldi • 16... Danske Bank building at Kongens Nytorv in Copenhagen. ... Northern Bank, is a commercial bank in Northern Ireland. ... The National Australia Bank or nab (ASX: NAB, LSE: NAB, NYSE: NAB, TYO: 8637 ) colloquially the National or the NAB. The NAB is part of the NAB Group. ...

It is the fourth largest high 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. It has been suggested that this article or section be merged with Main Street. ... “Banker” redirects here. ... Laser is the primary debit card system used in the Republic of Ireland. ...

The bank suffered a scandal in its personal banking division some years ago (see history, below). However the bank 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. National Irish Bank (NIB) (Irish: Banc Éireannach Náisiúnta) is a commercial bank in the Republic of Ireland, one of the traditional Big Four. ... April 18 is the 108th day of the year (109th in leap years) in the Gregorian calendar. ... For the Manfred Mann album, see 2006 (album). ... A limited company by shares (limited or Ltd. ... April 1 is the 91st day of the year (92nd in leap years) in the Gregorian calendar. ... 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era. ...

History

National Irish Bank was originally the Republic of Ireland branch network of Northern Bank, one of the oldest banks in Ireland (dating back to 1824). National Irish Bank was created as a separate entity in 1986, at first under the name Northern Bank (Ireland) Limited, when the Midland Bank, UK separated Northern Bank's operations in the Republic of Ireland from its Northern Ireland business. Northern Bank, is a commercial bank in Northern Ireland. ... 1824 was a leap year starting on Thursday (see link for calendar). ... 1986 (MCMLXXXVI) was a common year starting on Wednesday of the Gregorian calendar. ... The Midland Bank (now part of HSBC) opened as the Birmingham and Midland Bank in Union Street, Birmingham, England in August 1836. ... Northern Ireland 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). ...

In 1987, both banks were acquired by National Australia Bank Limited. In 1988 the Republic of Ireland operation was renamed National Irish Bank Limited whilst Northern Bank Limited remains the name of the Northern Ireland operation. Nonetheless, a single management team continued to run both banks, which shared many services and back office functions. 1987 (MCMLXXXVII) was a common year starting on Thursday of the Gregorian calendar. ... The National Australia Bank or nab (ASX: NAB, LSE: NAB, NYSE: NAB, TYO: 8637 ) colloquially the National or the NAB. The NAB is part of the NAB Group. ... 1988 (MCMLXXXVIII) was a leap year starting on Friday of the Gregorian calendar. ...

During this era, the logo of the National Irish Bank was that of the National Australia Bank (at the time), except that the red star had been recoloured green, and "Irish Bank" was added alongside the word "National". The original Northern Bank (Ireland) logo had been the Midland Bank griffin. Composite of Pomeranian heraldic charges of griffins. ...

High Court Inspectors' report

In 1998, an RTÉ programme claimed that National Irish Bank had been overcharging customers and assisting in tax avoidance schemes. Inspectors were appointed by the High Court in Dublin^[1]. Their conclusions were: Radio Telefís Éireann[1] (RTÉ; IPA: ,  ) is the Public Service Broadcaster of the Republic of Ireland. ... The High Court of the Republic of Ireland is a court which deals at first instance with the most serious and important civil and criminal cases, and also acts as a court of appeal for civil cases in the Circuit Court. ...

• Bogus non-resident accounts or fictitiously named accounts were opened and maintained in some branches enabling customers to evade tax

• Clerical Medical Insurance (CMI) policies were promoted as an investment for funds undisclosed to the Revenue Commissioners

• Special Savings Accounts had Deposit Interest Retention Tax (DIRT) deducted at a reduced rate

• There was improper charging of interest or fees to some customers. (The bank has refunded all customers who the Inspectors alleged had been mischarged.)

Former officers cited for disqualification

Following the Inspectors' report, the Director of Corporate Enforcement took disqualification proceedings against nine former NIB personnel, none of whom has been employed by NIB since the 1990's. ^[2] The Office of the Director of Corporate Enforcement in Ireland was set up by the Irish Government on November 28, 2001 as a consequence of the proceedings and the conclusions of various review groups, courts, tribunals of inquiry and parliamentary committees in recent years. ...

Nigel D'Arcy, former Head of the Financial Advice and Services Division, was barred by the High Court on 26 October 2006 from acting as a director of any company for a period of 10 years.^{[3] [4]}. October 26 is the 299th day of the year (300th in leap years) in the Gregorian calendar, with 66 days remaining. ... For the Manfred Mann album, see 2006 (album). ...

The Director has applied for similar orders against eight other NIB former directors or managers, including former CEO Jim Lacey. However, those applications are being opposed by the eight respondents and hearing dates have yet to be fixed. Lacey stated that the six-year investigation into tax evasion was "flawed" and that the Inspectors were guilty of "basic errors"^[5]

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. An interim CEO, John Trethowan, was appointed. Some shared back office services will remain. The bank changed over to the Danske Bank technology platform and removed any shared services provided by National Australia Bank Europe, however a two year extra-service agreement exists in that the bank will continue to receive many key technology services from the National Australia Group. March 1 is the 60th day of the year in the Gregorian calendar (61st in leap years). ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... The National Australia Bank or nab (ASX: NAB, LSE: NAB, NYSE: NAB, TYO: 8637 ) colloquially the National or the NAB. The NAB is part of the NAB Group. ...

Also the bank adopted the logo of Danske Bank, albeit with the word "Danske" replaced by "National Irish". As preparation for this change, the star logo was dropped by National Irish Bank, along with the National Australia "Tailored Financial Solutions" slogan. On 14 April 2006 the old NAB-style logotype was replaced with the new logo on the bank's website, with the bank formally being 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. April 14 is the 104th day of the year (105th in leap years) in the Gregorian calendar, with 261 days remaining. ... For the Manfred Mann album, see 2006 (album). ... April 18 is the 108th day of the year (109th in leap years) in the Gregorian calendar. ... “SMS” redirects here. ...

In June 2005 Andrew Healy was appointed chief executive officer of National Irish Bank. 2005 : January - February - March - April - May - June - July - August - September - October - November - December- → Deaths in June June 27: Shelby Foote June 27: John T. Walton June 26: Richard Whiteley June 25: John Fiedler June 25: Chet Helms June 24: Paul Winchell June 21: Jaime Cardinal Sin June 20: Jack Kilby... A Chief Executive Officer (CEO), or Chief Executive, is the highest-ranking corporate officer, administrator, corporate administrator, executive, or executive officer, in charge of total management of a corporation, company, organization or agency. ...

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 will is no longer regulated by the Irish Financial Services Regulatory Authority 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. It is proposed that this article be deleted, because of the following concern: Crystal ball, user has created future months and dates before, and been told not to (See User Talk:Jose and Ricardo). ... April 1 is the 91st day of the year (92nd in leap years) in the Gregorian calendar. ... 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era. ... The authoritys logo The Financial Regulator (Irish: Rialtóir Airgeadis), officially known as the Irish Financial Services Regulatory Authority (Central Bank and Financial Services Authority of Ireland Act 2003, Section 26)is the single regulator of all financial institutions in the Republic of Ireland. ...

Tiger robbery, August 2006

The Killester, Dublin branch (known as Howth Road branch) of National Irish Bank was the scene of a 'tiger robbery' on 29 August 2006 when a 23-year old employee was kidnapped by an armed gang. The bank handed over a ransom of €270,000 without informing or involving the Garda Síochána. The Garda Siochana heavily criticized this action, stating that it leaves the bank exposed in the future to replica attacks.^[6] 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. ... This article or section does not cite its references or sources. ... August 29 is the 241st day of the year in the Gregorian calendar (242nd in leap years), with 124 days remaining. ... For the Manfred Mann album, see 2006 (album). ... Garda Síochána na hÉireann (pronounced ; Irish for Peace Guard of Ireland, often rendered[1] as The Guardians of the Peace of Ireland) is the police force of the Republic of Ireland. ...

References

1. ^ Summary of Report of the Investigation into the affairs of National Irish Bank Ltd and National Irish Financial Services Limited. The High Court (2004-07-30).
2. ^ Office of the Director of Corporate Enforcement (2005-07-28). ODCE Seeks Nine Disqualifications arising from the NIB/NIBFS Report. Press release.
3. ^ "Ex-NIB executive barred for 10 years by court", Eircom.net, 2005-10-27. 
4. ^ "Former NIB executive disqualified", RTÉ Business News, 2005-10-26. Retrieved on 2006-08-14. 
5. ^ "NIB tax evasion report flawed, says Lacey", The Irish Times, 2006-10-14. Retrieved on 2006-08-14. 
6. ^ "Garda anger at bank's ransom payment", The Irish Times, 2006-08-31. 

shelby was here 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... July 30 is the 211th day of the year (212th in leap years) in the Gregorian calendar. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... July 28 is the 209th day of the year (210th in leap years) in the Gregorian calendar. ... A news release, press release or press statement is a written or recorded communication directed at members of the news media for the purpose of announcing something claimed as having news value. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... October 27 is the 300th day of the year (301st in leap years) in the Gregorian calendar, with 65 days remaining. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... October 26 is the 299th day of the year (300th in leap years) in the Gregorian calendar, with 66 days remaining. ... For the Manfred Mann album, see 2006 (album). ... August 14 is the 226th day of the year (227th in leap years) in the Gregorian calendar. ... For the Manfred Mann album, see 2006 (album). ... October 14 is the 287th day of the year (288th in leap years) in the Gregorian calendar. ... For the Manfred Mann album, see 2006 (album). ... August 14 is the 226th day of the year (227th in leap years) in the Gregorian calendar. ... For the Manfred Mann album, see 2006 (album). ... August 31 is the 243rd day of the year (244th in leap years) in the Gregorian calendar. ...

See also

• List of Irish companies

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

External links

• National Irish Bank
• Danske Bank NIB Acquisition site

v • d • e

Banks of the Republic of Ireland

ACCBank • Allied Irish Banks • Anglo Irish Bank • Bank of Ireland • First Active • Halifax • Irish Life and Permanent • National Irish Bank • Ulster Bank Image File history File links Flag_of_Ireland. ... ACCBank plc is a commercial bank in Ireland that focuses on agriculture, business and personal banking. ... 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. ... Anglo Irish Bank Corporation plc (ISEQ: ANGL), (LSE: ANGL), (Xetra: CKL), is a bank based in Ireland, listed on both the Irish Stock Exchange and the London Stock Exchange, and headquartered in Dublin. ... The Bank of Ireland (ISEQ: BKIR_p) LSE: BKIR NYSE: IRE, officially known as the Governor and Company of the Bank of Ireland is a commercial bank operation on the island of Ireland, one of the Big Four. The bank was formed by an Act of the Irish Parliament in 1782... First Active offers a range of mortgage, savings, investment, pension and life cover products in the Republic of Ireland and are the sole provider of Current Account Mortgages in the Irish marketplace. ... Halifax (until November 2006, Bank of Scotland (Ireland)) is a bank based in the Republic of Ireland, a subsidiary of the Bank of Scotland, which is a part of the HBOS Group. ... The Irish Life and Permanent (ISE: ILB) LSE: IPM group is a leading provider of personal financial services in the Republic of Ireland. ... Ulster Bank (Irish: Banc Uladh) is a large commercial bank, one of the Big Four in Ireland. ...