Bank of Scotland (Ireland), already one of Ireland’s most successful business banks, has now become a full service bank with the rapid development of its personal banking business under the Halifax brand.
Halifax is the new name for Bank of Scotland (Ireland) personal banking. Halifax provides personal banking products such as mortgages, loans, savings, credit cards and investment products through its branches and over the phone.
This combination makes for a Bank that is here to bring customers change for the better.
Bank of Scotland (Ireland) started off, in one form or another, in 1933 as ICC Bank. In 1965 another bank, Equity Bank, was founded and this was bought by Bank of Scotland in 1999. In 2001 Bank of Scotland (Ireland) and ICC Bank merged to form the bank that they are today.
The Banking Business in Bank of Scotland (Ireland) is made up of a number of separate Operating Divisions covering specialist sectors and geographical areas. The division currently employs circa 400 colleagues working in lending and support teams across the country.
Their focus on their banking relationship with the customer is at the centre of everything they do. Their aim is to be a "one stop shop" for Business Customers offering lending and transactional banking in the areas of Property, Business Finance, Working Capital, Invoice Discounting, Trade Finance, Sector Specific Funding, Acquisition Finance and Wealth Management.
Property Banking
The Property Finance Division is primarily involved in Investment and Development lending in the Residential, Retail, Industrial and Office sectors.
Bank of Scotland (Ireland) has provided development finance for some of the biggest construction projects in Ireland over the past 10 years and will endeavour to build further on their reputation. Development funding is principally provided in the form of land acquisition funding and development working capital. Bank of Scotland (Ireland) primarily provide funding for housing and commercial projects in urban areas in Ireland.
Regional Banking
Their focus is totally on the customer, they are very strong on relationship cultivation, management and retention. The Regional Business is a hybrid of both Property and Business Banking and they provide the full range of banking products and services to their clients. They have technical product specialists from Wealth Management, Asset Finance and Treasury operating out of specific regional offices to further enhance customer service and relationship management.
Business Banking
Their mission is to grow Business Banking by continuing to develop quality business relationships with both clients and business introducers. They provide an effective top quality service to all clients and producers by making available their fully integrated range of banking products.
Their team in Business Banking consists of 4 General Business and Trading banking teams, Tourism & Leisure and Working Capital Sales Division. T&L is involved in provision of the finance of pubs and hotels throughout Ireland. Working Capital Invoice Discounting and Trade Finance products are sold via the Working Capital sales division. In addition to the above, They also have specialist knowledge in syndicated lending and the funding of investment proposals from high net worth clients.
Bank of Scotland's aim is to work closely with other front facing Divisions in the Bank such as Integrated & Acquisition Finance, Wealth Management, Asset Finance, Treasury and Venture Capital in structuring deals to fulfil their clients needs and maximising their relationship with the customer.
Wealth Management
Bank of Scotland (Ireland) Wealth Management Limited is regulated by the Financial Regulator as a multi-agency intermediary. Bank of Scotland (Ireland) Wealth Management Limited is a subsidiary of Bank of Scotland (Ireland) which is part of HBOS plc.
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