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The Governor and Company of the Bank of Ireland (BOI or Bank of Ireland) is one of the largest financial services groups in Ireland with total assets of 189 billion (US$251 billion) at March 31, 2007. The company conducts its business through 295 full-time retail bank branches, of which 251 were in Ireland and 44 in Northern Ireland at March 31, 2007. There are no full-service retail bank branches in Britain. Operations in the rest of the
world are undertaken by Bank of Ireland Asset Management through offices located in the US, the UK, Australia, Canada and Japan, Corporate Banking through offices located in the UK, France, Germany and the US, and Global Markets through offices located in the UK and the US. The company operates through four main divisions: Retail Republic of Ireland (accounting for 40% of pretax profits in the fiscal year ending March 31, 2007), Capital Markets (29%), UK Financial Services (23%), and Bank of Ireland Life (8%).
Retail Republic of Ireland offers a full range of banking services to all major sectors of the Irish economy, including individuals, small and medium-sized commercial businesses, and industrial companies. Bank of Ireland Life offers life assurance, protection, pensions, and investment products to Bank of Ireland customers in Ireland through the extensive branch banking network, as well as the independent intermediary market and a direct sales force. The Capital Markets division provides corporate banking,
global markets, asset management, and corporate finance services, principally in Ireland, the UK, Continental Europe, and the US. UK Financial Services brings together all of the BOI's significant activities in the sterling area, including personal lending, business banking, and the sale of banking and insurance products through the UK Post Office.
Bank of Ireland's main competitors are other banks, in particular Allied Irish Banks plc, Ulster Bank Ltd, HBOS plc, National Irish Bank Ltd, Northern Bank Ltd, and Irish Life and Permanent plc.
[edit] Business Financials
[edit] Trends and Forces
[edit] Competition
| Competition | Bank of Ireland (IRE) | Allied Irish Banks (AIB) | Barclays (BCS) | Lloyds Banking Group (LYG) | Royal Bank of Scotland (RBS-LN)
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| Net Interest Income $M | 3,670.00 | 3,867.00 | |||
| Net Income $Mil | 69.00 | 729.00 |
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| Loan Loss Provision $Mil | 1,513.00 | 1,822.00 |
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| Total Assets | 194,116.00 | 182,143.00 |
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| Total Liabilities | 187,264.00 | 173,205.00 |
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[edit] References
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