Bank of Ireland
Bank of Ireland provides banking and financial services. It operates in five business segments: Retail Ireland, Bank of Ireland Life, Retail UK, Corporate and Treasury and Group Centre. The Retail Ireland segment includes all branch operations in the Republic of Ireland. The branches offer a wide range of financial products and services, including deposit, lending, current account and other money transmission services. It also includes Bank of Ireland Mortgage Bank, ICS Building Society, Private Banking, an installment credit and leasing business, credit card operations, commercial finance, factoring businesses, the domestic and U.S. foreign exchange operations of First Rate Enterprises and direct telephone and online banking services. The Bank of Ireland Life segment comprises the life assurer, New Ireland Assurance Co. Plc, and the business unit which distributes New Ireland investment and insurance products. It offers protection, investment and pension products to the Irish market through the Group's branch network, independent brokers and its direct sales force. The Retail UK segment comprises business banking in Great Britain and Northern Ireland, the branch network in Northern Ireland, the UK residential mortgage business. It provides loan facilities to medium and large corporate clients in addition to international banking, working capital financing, leasing and electronic banking services. The Corporate and Treasury segment principal constituents are Corporate Banking and Global Markets in addition to Asset Management Services and IBI Corporate Finance. The Corporate Banking provides integrated relationship banking services to a significant number of the major Irish corporations, financial institutions and multinational corporations operating in or out of Ireland. The range of lending products provided includes overdraft and short term loan facilities, term loans, project finance and structured finance. Corporate Banking is also engaged in international lending, with offices located in the UK, France, Germany and the U.S. Its international lending business includes acquisition finance, project finance, term lending and asset based financing, principally in the UK, Continental Europe and the U.S. The Global Markets trades in a range of market instruments on behalf of the company itself and the company's customers. Its trading activities include dealing in inter-bank deposits and loans, foreign exchange spot and forward contracts, options, financial futures, bonds, swaps, forward rate agreements and equity tracker products. The company Centre segment includes capital management activities, unallocated group support costs and the cost of the Irish Government Guarantee Schemes. Bank of Ireland was founded in 1783 and is headquartered in Dublin, Ireland.