Northern Bank Ltd

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Northern Bank Ltd Logo

Address

Donegall Square, BT1 6JS, Belfast, United Kingdom

BIC

DABAGB2BXXX

Overview

Category

Commercial banks

Business Focus

regional universal banking

Founded in 1809, Northern Bank was one of the oldest banks in Ireland. Northern Bank provides retail, private and business banking products and services in Northern Ireland. Since 2012, Northern Bank operates as a subsidiary of Danske Bank A/S.

Performance

In 2022, Northern Bank Ltd achieved the position of 40th largest bank in the United Kingdom with a market share of 0.14%; its total assets grew by 2.25%.

Additionally, the bank became the 51st profitable bank in relation to its total assets showcasing 0.78% return on assets and 13.04% return on equity in 2022.

Also the lender held the 97th position regarging its loans-to-deposits (L/D) registering 56.41% L/D ratio in 2022.

Deposit Protection

Deposits up to 85,000 GBP are covered by the United Kingdom's deposit guarantee scheme in Northern Bank Ltd.

Services

retail banking
business banking

Area Served

Northern Ireland

Products

current accounts
savings
mortgages
insurance
cards
loans

See Also

International Transfers

SWIFT Transfers
SEPA Credit Transfers
SEPA Instant Transfers
SEPA Direct Debits
SEPA Direct Debits B2B

See Also

Financials

Total Assets of Northern Bank Ltd
Annual_profit of Northern Bank Ltd
Market Share of Northern Bank Ltd
Total Assets (2022)
13,420.39 mln GBP   (+2.25%)
Annual Profit (2022)
103.41 mln GBP   (+148.98%)

Northern Bank Ltd ranks as the 40th largest bank in the United Kingdom by total assets. In 2022 its total assets were 13,420.39 mln GBP, representing a 0.14% market share. In 2022 the bank's annual profit was 103.41 mln GBP.

Deposit Guarantee

Protected Amount
up to 85,000 GBP
Guarantee Fund
Financial Services Compensation Scheme (FSCS)Financial Services Compensation Scheme (FSCS)
Covered Accounts
current accounts
savings accounts
time deposit accounts
Eligible Depositors
private individuals
companies

Northern Bank Ltd protects deposits up to up to 85,000 GBP per depositor through the United Kingdom's deposit guarantee scheme. The scheme applies to current accounts, savings accounts, time deposit accounts made by private individuals, companies. The bank participates in the Financial Services Compensation Scheme (FSCS), making regular contributions into it.

See Also

Northern Bank Ltd is a member of Danske Bank (Denmark).

Contacts

addressDonegall Square, BT1 6JS, Belfast, United Kingdom
phone44 02890048203
fax44 02890893529

Northern Bank Ltd is headquartered in Belfast.

Social Networks

Northern Bank Ltd has profiles at the following social networks:

Bank Identifiers

BIC (SWIFT)
DABAGB2BXXX
LEI
549300KUB2XKWLPMXV81
Company Number
R0000568
MFI ID
GB1995

Bank Supervision

Supervised By
Financial Conduct Authority
Reference Number
122261

Northern Bank Ltd is authorized and supervised by the Financial Conduct Authority (reference number 122261).

Bank History

Start Date
January 1960
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