The acquisition processThe acquisition process

During Easter 2006 , Danske Bank completed the planned migration of its two banks in Northern Ireland and the Republic of Ireland to Danske Bank's platform.

The two banks are now using the same processes and systems as the rest of the Group and offer products matching Danske Bank's product range.

"A shared platform is essential for achieving economies of scale, lower transaction costs and further growth," says Peter Straarup, chief executive of Danske Bank. "Now, the customers will really begin to notice the benefits in the form of better offerings."


These were the key phases of the acquisition:

Date Event
Dec. 14, 2004 Announcement of the deal
Feb. 10, 2005 Annual Report for Danske Bank
Feb. 28, 2005 Approval of the deal (Irish and British FSA & EU)
Completion of the deal
Q1 2005 IT conversion begins
Easter 2006 IT conversion completed


Advertising
Here are some examples of the advertising launched in Northern Ireland and the Republic of Ireland.

Television Press (PDF)
Northern Bank Teaser
Reveal
Advertisement


60 KB

National Irish Bank Teaser
Reveal
 Advertisement


49 KB


Last updated on September 7, 2006
  • Print page
  • Sitemap
  • Bookmark page
  • Send this page
  • Rate this page

Contact usContact us

You can always contact Investor Relations:

See contact personsAdditional contact info

Want to know more about NIB & NB?Want to know more about NIB & NB?

National Irish Bank & Northern Bank
Download a presentation on NIB & NB with further information on operational structure, key financials, product offerings and provisions (at the time of the acquisition).

 Download presentation on NB/NIB (173KB)