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ICS Building Society then integrated into Bank of Ireland management including board appointees, albeit a separate brand and broker network was retained, existing loans etc. under ICS branding. ICS Building Society was bailed out in 2008 onwards due to the economic downturn.
In 1922, Bank of Ireland was appointed as banker to the Government of Ireland. [10] In 1926, Bank of Ireland took control of the National Land Bank. [6] [11] In 1948, The Bank of Ireland 1783–1946 by F.G. Hall was published jointly by Hodges Figgis (Dublin) and Blackwell's (Oxford). [12] In 1958, the bank took over the Hibernian Bank Limited. [6]
The first loans, provided by Bank of Ireland, launched in 2004. [9] Post Office branded credit cards have also been introduced. Accounts opened before July 2019 were provided by Bank of Ireland UK and subsequently transferred to JaJa Finance [10] and accounts opened after November 2019 are now provided by Capital One. [11]
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Electronic funds transfer (EFT) is the transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, via computer-based systems.
The Strategic Banking Corporation of Ireland does not provide loans directly to businesses themselves, but instead provides finance to the main banks at low cost, with the idea that the money is then loaned on to business. As of 2016, the bank had provided €347m to small businesses. Its Chief executive is June Butler. [1] [2]