What It Does: Bank of Ireland offers numerous banking services such as the issuance of mortgage loans, issuance of credit cards, retail banking, investment banking, private banking, and insurance management to its clientele.
Mission: The Bank of Ireland’s mission is to help its clients, colleagues, and communities thrive by being the foremost Partnership Bank.
Size and Presence: Bank of Ireland employs more than 8,600 employees across six locations in London and Ireland.
Best Known For: The Bank of Ireland is one of the oldest financial institutions in Europe. It's also one of the largest banks in the UK, with a very diverse range of services to offer its clients.
The Good Bits: This company is widely regarded as one of the best places to work in the UK. There are bright prospects for fresh graduates and interns in the firm. The bank provides numerous employment incentives that its workers enjoy. The pay is competitive. The work-life balance is good.
The Not-So-Good Bits: N/A.
The Bank of Ireland has a very rich history that dates back to the 18th century. In 1781, the Parliament of Ireland passed the Bank of Ireland Act, which brought the bank into existence. Two years later, the bank commenced operations. In mid-1808, the bank moved its headquarters to 2, College Green. In 1864, the bank paid its initial interest on deposits. In 1926, the company took over the National Land Bank. In 1958, the Bank of Ireland acquired Hibernian Bank Ltd. In 1980, the Bank of Ireland became the first financial institution in the world to open and operate an ATM machine. In 1996, this bank purchased Bristol and West building society for £600 million.
In 2000, the Bank of Ireland acquired Chase de Vere and followed it up with the acquisition of an American investment management firm, Iridian, two years later. This acquisition significantly increased the size of its asset management business. Three years later, the Bank of Ireland sold off Bristol and West branch and direct savings to Britannia Building Society. In 2013, the bank gave a very attractive interest rate on mortgages. The following year, the Bank of Ireland agreed to a marketing partnership with EVO Payments International.
The bank's culture is founded on four values, including customer-focused, teamwork, agility, and accountability. All these values guide and define the organisational code of conduct which positions the Bank of Ireland as a responsible bank and employer. The bank believes in the strength of collaboration among its employees, which brings out their best and enhances the productivity of the bank. The Bank of Ireland is also an equal opportunity employer that rates talent and competence over marital status, socioeconomic background, race, religion, gender, sexuality, and political affiliation in its hiring process. The company encourages its employees to challenge the conventions and be innovative. The company's dress code is business professional.
A fresher at the Bank of Ireland has a bright future and a promising career ahead thanks to the organistion’s graduate programme, which has been designed to nurture freshers into leaders of the banking industry. The programme offers a premium experience that will bestow a deep insight into the company’s and industry’s operations and grounds them in multiple skills that will be essential to the growth of their career. The different fields graduates will be trained in include Product Development, Customer Relations, and Corporate Functions.
The average period the hiring process may take can be up to 35 days. The hiring process includes the following:
A fresher working at the Bank of Ireland earns an average salary of £35,000 yearly.
The bank’s Community Fund is responsible for various social projects regarding inclusion, mental health, financial literacy, and so on.
The Bank of Ireland made the headlines after being slammed with a huge fine for a mortgage controversy.