National Irish Bank is part of a strong, well capitalised international banking group.
About National Irish Bank
Danske Bank A/S trades in Ireland through its branch, National Irish Bank. Danske Bank is the biggest bank in Denmark and one of Europe's strongest and best capitalised financial institutions.
We provide a wide range of financial solutions for corporates, businesses and individuals looking for a safe and secure home for their surplus funds. Longer term options are also available for those wishing to gain greater returns.
We believe that we have the best eBanking facilities in the marketplace allowing you to access and manage your funds directly and easily in a convenient way. Leading edge online share trading and international cash management, as well as the full suite of transactional banking services, are also available from us.
National Irish Bank benefits from the strong capital and credit ratings of Danske Bank:
- Capital strength: capital is generally measured in terms of tier 1 capital and solvency ratios. At the end of 2009 Danske had tier 1 capital and solvency ratios of 14.1% (9.2% in 2008) and 17.8% (13.0% in 2008).
- Credit rating: Danske Bank's current ratings by the leading rating agencies (Moody's, Standard & Poor's and Fitch) are summarised in the table below.
| Long-term |
AA3 |
A |
A+ |
| Short-term |
P-1 |
A-1 |
F1 |
More information on our credit ratings can be found at Danske Bank Group's investor relations website.
In addition, your savings and deposits are protected under two schemes.
Deposit Protection Schemes
All deposit accounts with National Irish Bank are covered, through combined protection under the Danish Guarantee Fund for Depositors and Investors and the Irish Deposit Protection Scheme, up to a maximum of €100,000 per depositor.
National Irish Bank's participation in the Irish Deposit Protection Scheme is listed on the consumer website www.itsyourmoney.ie
The Danish State Guarantee
All deposits held with National Irish Bank are also covered by the Danish State Guarantee. This is a general guarantee that was introduced in October 2008 by the Danish Government. It guarantees 100% of the funds held in National Irish Bank savings and deposit accounts. This State Guarantee will expire on 30th September 2010.
However, from 1st October 2010 your deposits with National Irish Bank will continue to be covered by the Deposit Protection Schemes for deposits up to €100,000 per depositor, as outlined above.
So, customer savings and deposits in National Irish Bank/Danske Bank are both safe and secure.
Further information
Further information on the Danish State Guarantee can be found here
Further information on the Irish Deposit Protection Scheme can be found here
Further information on the Danish Guarantee Fund for Depositors and Investors can be found here
If you would like to talk to us about savings or deposits you can contact us. Corporate/Institutional customers can contact Danske Markets at +353 1 5233100.
This document is not intended as legal advice and should not be relied upon as same. This information is correct as of 29th March 2010.