Bank of Ireland
Posted on July 30, 2008
Filed Under Uncategorized |
The Bank of Ireland is considered as one of the oldest banks in Ireland. Its founding was influenced by an Act of the Irish Parliament in an effort to provide commercial as well as public finances in Ireland. Since its conception, the Bank of Ireland has always been linked to the Huguenot la Touche family which is a leading banking family in Dublin, Ireland. Fact is the first governor of the Bank of Ireland was David La Touche.
This finance institution has offered clients and customers local to Ireland, a wide array of financial services. These services include but are not limited to mortgages, checking and deposit services, term loans, debt financing, overdrafts, installment credit, interest and exchange rate hedging instruments, trustee, executor, foreign exchange facilities, fund administration, financial advisory services and many others.
Meanwhile in 1996, the Bank of Ireland has launched its telephone banking service which was previously known as Banking 365. This was followed by the launching of its online banking service which bears almost the same Banking 365 name, Banking 365 online.
The acquisition of New Ireland Assurance in December 1997 resulted in even more access for distribution channels and life assurance products as well as its pensions business. Currently, the group has services available in Euros as well as in other currencies.
The Bank of Ireland is also responsible for the marketing and selling of products locally in the most extensive way possible through its nationwide distribution network including its direct telephone banking service.
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