NIB or Danske bank – No way – Now just boycott that company

National Irish Bank to seek 100 redundancies, close 20 branches

Thursday June 28 2012

NATIONAL Irish Bank is to seek 100 voluntary redundancies and close 20 branches.

The bank, which is owned by Denmark’s Danske, previously shut down 25
branches in December 2009.

Nine remaining outlets will no longer provide transaction services and
will be converted to personal banking units providing advice.

The bank wants to move away from an “unsustainable and
transaction-based banking business model.”

Lodgement facilities will be available through An Post while customers
will also have access to a phone service.

NIB will also be rebranded Danske Bank while the the day-to-day
running of customer accounts will not be affected, according to the

National Irish Bank to close retail banking network

28/06/2012 – 16:59:51
National Irish Bank (NIB) is to close its network of 27 branches
around the country as part of a major restructuring of its business,
it was announced this evening.

The move will see the bank lay off 100 staff on a voluntary basis, NIB said.

The branch closures will be completed by mid-November, at which time
NIB said it will convert nine locations to what it called ‘Personal
Banking Units’, which will provide financial advisors but no
transaction services.

The units will be located in Waterford, Athlone, Cork, Limerick,
Letterkenny and across Dublin in the IFSC, Tallaght, Swords and

NIB, owned by Denmark’s Danske Bank, previously shut down 25 locations
in December 2009.

The bank said it wants to move away from an “unsustainable and
transaction-based banking business model” for personal and small
business customers.

Lodgement facilities will be available through An Post, while a new
Personal Banking Centre will be opened to assist customers by phone.

NIB will also be rebranded to Danske Bank.

It said the changes will not affect the day-to-day running of customer accounts.

“The Irish banking landscape has changed dramatically in recent years
and the traditional branch model is no longer the cornerstone of
personal banking,” said NIB spokesman Jesper Nielsen.

“We have recognized this and are building a new business model which
responds to changing customer needs, leverages our market-leading
technology and develops a profitable model and sustainable business
for the bank.

“More and more customers want to conduct their banking business by
telephone, Smartphone or over the internet as they do for other
day-to-day lifestyle needs,” Mr Neilsen added.

“Anticipating future banking trends, our new model offers customers a
service based on a combination of superior technology and advisory
services available on the customer’s terms.”

However the Irish Bank Officials Association (IBOA) said it was
“appalled” at the announcement, saying today was “the blackest day in
the history of National Irish Bank”.

“The decision to shut down the bank’s remaining 20 branches is totally
at variance with the commitments given by Danske Bank as late as May
and subsequently made at the time of the Bank’s announcement on its
restructuring in Ireland,” said IBOA General Secretary Larry

Mr Broderick said the proposed closure of the branch network will have
huge implications for staff and their families.

“While our primary responsibility is to our members in National Irish
Bank, we also have serious concerns about the impact of the Bank’s
proposed changes on customers,” he added.

“Recent events elsewhere in the financial services sector have
demonstrated quite clearly how dangerous it is to put all your eggs in
the IT basket by adopting a business model that minimised the crucial
role of branch staff in building and maintaining relationships with

Mr Broderick said the IBOA was seeking an urgent meeting with the
Chief Executive of Danske Bank in Copenhagen, as well as the Danish
Financial Regulator.

“The Union is also writing to the Taoiseach, the Tánaiste and the
Minister for Finance, since this development highlights, once again
the need for a comprehensive job strategy for the financial services
sector,” he added.