Plans for NIB become clearer(?)

homer911

http://www.irishtimes.com/newspaper/breaking/2012/0510/breaking4.html

...Although I cant make any sense of the profit figures mentioned..

So they confirm commitment to Ireland and want to focus on their core business - what ever that is - and they do it by getting rid of their current account customers...

Edit: RTE got the financial facts right - expected better from the Irish Times
http://www.rte.ie/news/2012/0510/national-irish-bank-to-become-danske-bank.html

godtabh

It is going to be bad for consumers when there is very little competition in the personal banking sector.

We had already seen it with AIB re introducing banking charges. I have cancelled all my accounts with them as a result and moved but there wasnt much choice out there

Blanchguy

The NIB thing is very odd. I was with them for 14 years, mortgages, current account, savings. I could just about manage cash free banking, but when they stopped accepting cheques and got rid of free banking I had to move. They never made any effort to sell investment or savings products to me so I'm not sure what function the branches are meant to provide. I feel sorry for the customer facing branch staff as they were always pretty helpful.

dublin daz

did they say they were getting rid of personal current account customers?

they will stop issuing chequebooks in 2015 according to my branch.

Blanchguy

dublin daz wrote: »

did they say they were getting rid of personal current account customers?

As far as I know - no, but they are making it increasingly awkward and expensive to deal with them.