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List of Banks in Ireland
The Central Bank of
Ireland is the financial services regulator of Ireland and
historically the central bank. The bank was the issuer of Irish pound
banknotes and coinage until the introduction of the euro currency, and
now provides this service for the European Central Bank.
The bank was founded in 1943 and since 1 January 1972 has been the
banker of the Irish Government in accordance with the Central Bank Act
1971 which can be seen in legislative terms as completing the long
transition from a currency board to a fully functional central bank.
The bank's head office is located on Dame Street, Dublin, where the
public may exchange non-current Irish coinage and currency (both pre-
and post-decimalization) for euro. This building attracted a lot of
criticism, when built in 1980, both for its height and original roofline
(in contravention of the planning permission) and for its brash
appearance. The Currency Centre at Sandyford is the currency
manufacture, warehouse and distribution site of the bank.
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List of Bank
ACC Bank
Allied Irish Banks
Anglo Irish Bank
Bank of America, National Association
Bank of Ireland
Bank of Montreal Ireland
Bank of Scotland (Ireland)
Barclays Bank Ireland
Bear Stearns Bank
Capmark Bank Europe
Citibank Europe
Commerzbank Europe (Ireland)
DePfa Bank
DePfa-Bank Europe
DZ-Bank Ireland
Elavon Financial Services
First Active
Fortis Prime Fund Solutions Bank (Ireland)
Goldman Sachs Bank (Europe)
Goldman Sachs Private Bank
Helaba Dublin Landesbank Hessen-Thüringen International
Hewlett-Packard International Bank
Hypo Public Finance Bank
Intesa Sanpaolo Bank Ireland
Irish Life & Permanent
JP Morgan Bank (Ireland)
KBC Bank Ireland (formerly IIB Bank)
LGT Bank (Ireland)
Merrill Lynch International Bank
Naspa Dublin
National Irish Bank
Pfizer International Bank Europe
PFPC Bank
Postbank Ireland
Rabobank Ireland
Scotiabank (Ireland)
The Governor and Company of the Bank of Ireland
Ulster Bank Ireland
UniCredit Bank Ireland
Wachovia Bank International
WestLB Ireland
State Bank of India
WGZ-Bank Ireland
Zurich Bank
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The Irish economy has transformed since
the 1980s from being predominantly agricultural to a modern knowledge
economy focused on high technology industries and services. Ireland
adopted the euro currency in 2002 along with eleven other EU member
states.[60] The country is heavily reliant on Foreign Direct Investment
and has attracted several multinational corporations due to a highly
educated workforce and a low corporation tax rate. Companies such as
Intel invested in Ireland during the late 1980s, later followed by
Microsoft and Google. Ireland is ranked as the world’s seventh most
economically free economy in the world according to the Index of
Economic Freedom. In terms of GDP per capita, Ireland is one of the
wealthiest countries in the OECD and EU. However, the country ranks
below the OECD average in terms of GNP per capita. GDP is significantly
greater than GNP due to the large amount of multinational corporations
based in Ireland.[61]
Beginning in the early 1990s, the country experienced unprecedented
economic growth fuelled by a dramatic rise in consumer spending,
construction and investment, which became known as the Celtic Tiger
period. The pace of growth slowed during 2007 and led to the burst of a
major property bubble which had developed over time.[62] The dramatic
fall in property prices has highlighted the over-exposure of the economy
to construction, and has contributed to the ongoing Irish banking
crisis. Ireland officially entered a recession in 2008 following
consecutive months of economic contraction.[63] The economy contracted
by −1.7% in 2008, −7.1% in 2009 and −1% in 2010. The country officially
exited recession in 2010, which was helped by a strong growth in exports
of 6.9% during the first quarter.[64] However, due to a significant rise
in the cost of borrowing and bank recapitalisation, Ireland accepted an
€85 billion programme of assistance from the EU, IMF and bilateral loans
from the United Kingdom, Sweden and Denmark.The economy is forecast to
grow by 0.9% in 2011 and 2.2% in 2012.
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