Source: https://top-list.co/top-largest-banks-in-ireland-v2553.html
There is a complex banking environment that provides numerous sources of financing to firms conducting business in Ireland. Following the collapse of Ireland's building industry and the end of the property boom, the Irish domestic banking sector, like many others worldwide, came under significant pressure in 2007 and 2008. However, many banks still survive, and here are the largest banks in Ireland.
- Allied Irish Bank (AIB)
- Bank of Ireland
- Permanent TSB Group Holdings PLC
- Citibank Europe
- Danske Bank (Ireland)
Allied Irish Bank (AIB)
Allied Irish Banks, p.l.c. is one of the Republic of Ireland’s “Big Four” commercial banks as well as one of the largest banks in Ireland. AIB provides a comprehensive variety of personal, commercial, and corporate banking services. The bank also provides a variety of general insurance products such as house, travel, and auto insurance. Through its affiliated agency with Irish Life insurance plc, it provides life insurance and pensions.
AIB has a presence in Northern Ireland through First Trust Bank, a community-based full-service bank, and in the United Kingdom through AIB GB, which serves SMEs, owner-managed businesses, and professional firms. EBS has also joined the AIB Group, and it now offers mortgage and deposit products and services via its own branch network. AIB offers banking services in Ireland, and all AIB content is intended for use there. It offers a variety of contact channels to consumers, including branches, commercial centers, and direct channels such as AIB internet and telephone banking, self-service banking, and a prestigious mobile banking app.
Allied Irish Banks (AIB) is Ireland’s largest bank and is essential to the country’s economy. As a result, AIB developed a core plan to address its core modernisation. The bank chose the Temenos Core banking platform to replace its cumbersome, slow, and expensive traditional core banking applications. The program’s purpose is to merge various antiquated core banking systems into a single market-leading platform surrounded by an API-driven architecture.
Founded: 1966
Headquarters: Dublin, Ireland
Website: https://aib.ie/
Screenshot of https://aib.ie/
AIB Bank
Bank of Ireland
Bank of Ireland Group plc is an Irish commercial bank and one of the classic Big Four Irish banks. The Bank, as Ireland’s premier banking organization, holds a unique place in Irish banking history. The former Governor and Company of the Bank of Ireland, an ancient institution created by Royal Charter in 1783, is at the heart of the modern-day group.The Bank of Ireland is not, and has never been, the central bank of Ireland. However, in addition to being a commercial bank – a deposit-taking and credit institution – it also served as a central bank, much like the previously founded Bank of Scotland and Bank of England. In Ireland, the Group offers a wide range of financial services to the personal, commercial, industrial, and agricultural sectors. Checking and deposit services, overdrafts, term loans, mortgages, international asset financing, leasing, installment credit, debt financing, foreign currency facilities, interest and exchange rate hedging products, executor and trustee services are examples of such services.
Four essential values underpin the Bank of Ireland’s mission. These guide all it says and does. They are its moral norms; a compass for working methods and daily behaviors. Living values helps the bank to provide the greatest service possible, holds it accountable, and requires it to deliver on its ability to always explore new solutions for the benefit of everyone; customers, colleagues, and communities.
Founded: 1783
Website: https://www.bankofireland.com/
Screenshot of https://www.bankofireland.com/
Bank of Ireland
Permanent TSB Group Holdings PLC
Permanent TSB Group Holdings PLC, formerly Irish Life and Permanent plc, is a personal finance corporation based in Ireland. It is also one of the largest banks in Ireland. The Irish Life and Permanent Group was formed in 1999 when Irish Life Assurance plc and the Irish Permanent Building Society merged to form the Irish Life and Permanent Group, which later purchased the Trustee Savings Bank. The group has nothing to do with the TSB Bank of the United Kingdom.
Its product offering includes current, savings, time deposits, and student accounts; card products such as debit cards and credit cards; and loans for personal needs such as auto purchases, housing, cash secured loans, education, and mortgage loans. The organization provides financial products as well as insurance for homes, landlords, renters, possessions, and life. ptsb Group also provides Internet banking, telephone banking, mobile banking, and ATM services as part of its connected services. The company’s products and services are distributed through a network of branches and ATMs across Ireland and the United Kingdom.
Permanent TSB has a long history of banking in Irish communities, dating back over 200 years to the building society and Trustee Savings Bank movements. Its focus has been on providing great customer service and interacting with its local communities throughout this time. The goal is to be the greatest personal and small business bank in Ireland. This ambition is underpinned by the five key values: Customer Focus, Unity, Honesty, Courage, and Openness. These values serve as a foundation for leadership, as well as a set of rules for the mindset and behaviors required to realize its vision. They drive its decision-making, support the company’s strategic aims, and inspire organizational culture.Founded: 1816
Website: https://www.permanenttsbgroup.ie/
Screenshot of https://www.permanenttsbgroup.ie/
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Citibank Europe
Citi has had a presence in Ireland since 1965, and was one of the first foreign banks to establish a branch there. Citi Ireland, headquartered on North Wall Quay in Dublin, serves clients in 160 countries and serves as the headquarters for Citibank Europe plc. Citibank Europe provides a variety of financial products and services to individuals and institutions, including consumer banking and investment banking; institutional equities research and sales; foreign exchange, commercial banking; and treasury and trade solutions and wealth management.
Citibank Europe’s objective is to be the premier banking partner for institutions with cross-border needs, a global leader in wealth management, and a respected personal bank in its home market of the United States. Citi’s objective is to be a trusted partner to clients by delivering financial services that promote growth and economic advancement in a responsible manner.
Citibank in Ireland had grown to become the largest foreign bank in the country and the fourth largest Citigroup operation in Europe in terms of employee numbers. It has profited from the parent firm’s merger, as well as becoming a part of the global market through the Service Centre, and it holds the unique position in its company in Europe (outside of the UK) for having the most diverse mix of Citigroup companies in one location.
Founded: 1988
Website: https://www.citigroup.com/
Screenshot of https://www.citigroup.com/
Citi
Danske Bank (Ireland)
Danske Bank would be the next largest banks in Ireland. Danske Bank A/S, Irish Branch (previously National Irish Bank) is a subsidiary of the Danske Bank Group, Denmark’s largest bank and one of Europe’s strongest, best financed, and most progressive financial firms. Danske Bank ceased its personal and commercial banking operations in the Republic of Ireland in October 2013. Danske Bank’s history in Ireland began in 2005, when it purchased National Irish Bank. National Irish Bank was renamed as Danske Bank in November 2012.
Danske Bank Ireland is part of the Group’s major Corporates & Institutions segment, which manages major corporate and institutional customers’ financing and transaction needs. We are a market leader in Green Financing, Debt Capital Markets, Corporate Advisory, and Transaction Banking, as well as a major domestic payment services processor. Customers include domestic multinational corporations, Nordic multinationals with operations in Ireland, state / government organizations, and financial institutions. Many organizations rely on its expertise in Green Financing, Debt Capital Markets, Corporate Advisory, Transaction Banking, and International Trade Finance.
Danske Bank was ranked 10th overall in Northern Ireland and 21st overall in Financial Services in the newly released ‘Best Companies 2021’ list. Danske, Northern Ireland’s largest bank, received a two-star Outstanding rating in the listing after entering for the first time in 2021. The goal of Danske Bank is important to its identity, how it collaborates with others, and how it conducts business – for customers, employees, investors, and society. The purpose of the bank serves as the foundation for its strategy and goal to become a better bank for all stakeholders.
Founded: 1986
Website: https://danskeci.com/ie/
Screenshot of https://danskeci.com/ie/
Danske Bank UK
