National Irish Bank Archives - MyHome.ie Advice & Blog

Former National Irish Bank branch on O'Connell Street expected to sell soon

The former National Irish Bank branch on Dublin’s O’Connell Street is expected to sell shortly for a sum close to the asking price of €1 million. The highly distinctive four-storey over basement building, which was converted to bank use in the 1950s, is expected to…

Bank building in Kilkenny sells for over €1m

General, Home, Industry News, Mortgages & Money, Property News, Property Picks, The Investor

The National Irish Bank Building on the corner of Rose Inn Street and the Parade in Kilkenny has been sold for over €1 million - more than €400,000 above its guide price. It is thought that two local business people are responsible for the purchase…

Widely different rates being offered to first time buyers

Home, Mortgages & Money, Property News, The First Time Buyer

A new report has found that first time buyers who take out mortgages are being charged hugely different interest rates by lenders, with a difference of €1,400 a year between the most expensive and cheapest. Bank of Ireland subsidiary, ICS Building Society, has emerged as…

Mistakes by Irish banks

General, Home, Mortgages & Money, Property News

I can't help but wonder if there is some link between saving Irish banks and the way they then act after the fact, do they become grateful for the salvation or morph into ongoing prodigal sons? The recent issues with AIB are a case in…

National Irish Bank set to be rebranded as Danske Bank

Commercial Blog, Mortgages & Money, The Investor

Danske Bank has announced plans to wind up its commercial and investment property loan portfolios at National Irish Bank and rebrand it as Danske Bank by the end of the year. In a statement this morning it says the rest of its Irish banking activities…

Lack of lending needs to be addressed

Home, Mortgages & Money, Property News

The revelation earlier this week that just two banks are now lending to first time buyers would’ve come as little surprise to many looking to get on the property ladder. The banks have stated for some time that they are giving out loans but all…

Losses widen at National Irish Bank

Mortgages & Money

National Irish Bank has reported increased losses for the year to the end of December, as it continues to set aside money to cope with potential loan losses. NIB, which is owned by Danske Bank, said its pre-tax losses for 2011 came to €805m as…

Danske Bank has no plans to dispose of NIB

Mortgages & Money

The incoming chairman of Danske Bank has said that the group has no plans to dispose of its Irish banking interests. Danske, which owns National Irish Bank in the Republic and Northern Bank in the North, announced today that its chairman, Eivind Kolding, is to…

Taoiseach urges banks to pass on rate cuts

Mortgages & Money, Property News

Taoiseach Enda Kenny has urged banks to pass on the most recent ECB interest rate reduction to variable rate mortgate customers, but says there are no plans to introduce legislation to force them to do so. Three Irish Banks, AIB, Ulster Bank and National Irish…

Three further rate cuts on the way from ECB but will banks pass them on?

Mortgages & Money, Property News

It has emerged that three further interest-rate cuts are expected from the ECB in the coming months to follow on from the 0.25% cut delivered at the start of November. However, it remains to be seen whether banks will pass the rate cuts on to…