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Economy and Banking Sector of Ireland

Major Banks of Ireland

Rank
1
Total Assets
123.67 bln EUR  (+0.91%)
Rank
2
Total Assets
91,541.00 mln EUR  (+1.64%)
Rank
3
Total Assets
31,830.00 mln EUR  (-11.38%)
Rank
4
Total Assets
21,810.00 mln EUR  (-4.23%)
Rank
5
Total Assets
12,608.90 mln EUR  (+291.86%)

#1: Bank of Ireland

The Governor and Company of the Bank of Ireland (commonly referred as Bank of Ireland) was established in 1783 by Royal Charter. Bank of Ireland is now one of the largest banks in Ireland. Bank of Ireland provides retail, private and corporate banking products and services.

Business Focus
universal banking

Bank of Ireland is the 1st largest bank in Ireland in terms of total assets. In 2018 its total assets were 123,67 bln EUR.

Bank of Ireland is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is BBB (good credit quality). Long-term credit rating assigned to the bank by Moody's is A3 (upper medium grade). Bank of Ireland participates in deposit guarantee scheme of Ireland. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#2: Allied Irish Banks, Plc

Allied Irish Banks plc (AIB) was established in 1966 as a merger of 3 Irish banks: Munster and Leinster Bank, the Provincial Bank of Ireland and the Royal Bank of Ireland. During the financial crisis of 2007-2008, AIB was highly affected by deterioration in domestic economic conditions and real estate values and had to accept financial aid from the Irish Government and to dispose its shares in several of its subsidiaries. AIB mainly operates in Ireland and the United Kingdom providing a range of banking products and services to personal, business and corporate customers.

Services
retail banking
corporate banking

Products

Allied Irish Banks, Plc is the 2nd largest bank in Ireland in terms of total assets. In 2018 its total assets were 91 541,00 mln EUR. In 2018 the bank's net income was 1 096,00 mln EUR.

Allied Irish Banks, Plc is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is BBB- (good credit quality). Long-term credit rating assigned to the bank by Moody's is Baa1 (lower medium grade). Allied Irish Banks, Plc participates in deposit guarantee scheme of Ireland. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#3: Ulster Bank Ireland DAC

Ulster Bank was established in 1836. Ulster Bank provides retail, private and corporate banking products and services in the Republic of Ireland and Northern Ireland.

Business Focus
universal banking

Ulster Bank Ireland DAC is the 3rd largest bank in Ireland in terms of total assets. In 2018 its total assets were 31 830,00 mln EUR.

Ulster Bank Ireland DAC is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is BBB (good credit quality). Long-term credit rating assigned to the bank by Moody's is Baa1 (lower medium grade). Ulster Bank Ireland DAC participates in deposit guarantee scheme of Ireland. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#4: permanent tsb plc.

permanent tsb provides retail banking products and services in the Irish domestic banking market, including current accounts, retail and corporate and institutional deposits, residential mortgages, term loans, credit cards and overdrafts as well as insurance, pensions and investments.

Business Focus
retail banking

permanent tsb plc. is the 4th largest bank in Ireland in terms of total assets. In 2018 its total assets were 21 810,00 mln EUR.

permanent tsb plc. is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is Ba2 (non-investment grade speculative). permanent tsb plc. participates in deposit guarantee scheme of Ireland. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#5: Barclays Bank Ireland plc

Barclays Bank Ireland provides a wide range of banking products and services in the fields of corporate and investment banking as well as wealth and investment management.

Business Focus
corporate and investment banking

Barclays Bank Ireland plc is the 5th largest bank in Ireland in terms of total assets. In 2018 its total assets were 12 608,90 mln EUR.

Barclays Bank Ireland plc participates in deposit guarantee scheme of Ireland. This scheme covers accounts up to 100,000 EUR per bank per depositor.

See Also