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Bank of Ireland Bank
The Bank of Ireland bank was established in the 1780's, under charter from the Irish parliament- not least in order to bring some rectitude to the banking industry! Today the Bank of Ireland has a remarkable 20% market share of resources and loans outstanding amongst credit institutions in Ireland and employs some 16,000. In the mainland UK, there is a small branch network (only 24 branches in major cities), plus mortgage business carried out by the Bristol and West, which the bank took over in 1997.
Partly due to the entry of Ireland into the European common currency, the Bank of Ireland bank is particularly adept at euro denominated transactions; and whilst the majority of BOI's work is in supporting businesses (particularly property investment and asset finance), a personal banking service is also available. With only a small branch network, internet banking has become key to looking after its customers.
You may also recognise BOI's subsidiary Chase de Vere Financial Solutions, a long established independent financial adviser, qualified to offer entirely unbiased financial advice (unlike many banks whose subsidiaries can only sell or advise on their own products) and also the MoneyExtra internet financial portal. Note also that the bank is incorporated in Ireland and therefore is subject to a slightly different legislative and regulatory regime.
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