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On 27 February 2019, Ulster Bank and Bank of Ireland released new polymer £5 and £10 notes, while Danske Bank released new polymer £10 notes. On 29 September 2023, paper £50 and £100 notes issued by the Bank of Ireland and by Ulster Bank, like those of the Scottish bank note issuers, will replaced with polymer banknotes.
The Northern Bank Partnership was founded in Belfast in 1809, becoming the Northern Bank in 1924. [1] The Northern Bank was acquired by Danske Bank Group in 2005, and took on the branding of its parent company in 2012. [2] In common with other banks in Ireland in the nineteenth century, the Northern Bank printed its own banknotes.
Northern Bank trading as Danske Bank continues to issue pound sterling banknotes in Northern Ireland, and notes issued since 2013 now bear the Danske Bank brand name. [ 9 ] In 2008, Northern Bank embarked on a £3m investment programme to upgrade facilities at three of its Northern Ireland branches.
In Northern Ireland, three retail banks exercise their right to issue pound sterling notes: Bank of Ireland, Danske Bank (formerly Northern Bank) and Ulster Bank. [121] As of 2020, Northern Bank and Ulster Bank are the only two banks that have issued special commemorative notes so far.
In 1929, six banks began issuing sterling notes for circulation in Northern Ireland. These were Bank of Ireland, Belfast Banking Company, National Bank, Northern Bank, Provincial Bank of Ireland and Ulster Bank. Today, four banks retain the right to issue banknotes in Northern Ireland, based at Belfast, two of which are Irish owned, one ...
The Northern Bank £5 note was a banknote issued by Northern Bank for circulation in Northern Ireland, United Kingdom. It was the smallest denomination note issued by the bank. Following the takeover of Northern Bank by Danske Bank in 2004, production of the note ended and it was slowly removed from circulation.
The £100 million note (nicknamed "Titan" simply because of its titanic value) backs the value of common circulating notes (£1, £5, £10, £20, £50, and £100 notes) issued by the six commercial banks in Scotland (Bank of Scotland, Royal Bank of Scotland, Clydesdale Bank) and Northern Ireland (Bank of Ireland, Danske Bank and Ulster Bank).
These are pound sterling notes and equal in value to Bank of England notes, and should not be confused with banknotes of the former Irish pound. The Bank of Ireland does not issue banknotes in the territory of the Republic of Ireland; until the Republic joined the euro in 1999, the only note-issuing bank there was the Central Bank of Ireland.