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Governor and Company of the Bank of Ireland
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Governor and Company of the Bank of Ireland

by Jennifer DemirJune 25, 2017
Overview
Type

Public company

Traded as

ISEQ: BIR

Founded

1783

Headquarters

Dublin, Ireland

Website

https://www.bankofireland.com

Governor and Company of the Bank of Ireland

The Governor and Company of the Bank of Ireland provides various banking and other financial services in the Republic of Ireland, the United Kingdom, and internationally. Bank of Ireland operates through five segments: Retail Ireland, Bank of Ireland Life, Retail UK, and Corporate and Treasury, and Group Centre. It offers current accounts and deposit services; term loans; overdrafts; and business and corporate lending, international asset financing, mortgage, leasing, instalment credit, and invoice discounting services. The company also provides wealth management services; interest and exchange rate hedging instruments; foreign exchange facilities; life assurance products; and pension and protection products. It serves customers through a network of 250 branches and approximately 1,750 ATMs in the Republic of Ireland. The Governor and Company of the Bank of Ireland was founded in 1783 and is headquartered in Dublin, the Republic of Ireland.

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About The Community Member
Jennifer Demir
History of banking: Banking began with the first prototype banks of merchants of the ancient world, which made grain loans to farmers and traders who carried goods between cities. This began around 2000 BC in Assyria and Babylonia. Later, in ancient Greece and during the Roman Empire, lenders based in temples made loans and added two important innovations: they accepted deposits and changed money. Archaeology from this period in ancient China and India also shows evidence of money lending activity...

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