Landmark National Irish Bank building goes on sale for €4 million
The giant building in Dublin city centre which has housed various banks since 1867 is being put up for sale by NIB’s owners Danske Bank.
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The giant building in Dublin city centre which has housed various banks since 1867 is being put up for sale by NIB’s owners Danske Bank.
Danske has shut the bank’s branch network in order to cut costs and redirect focus.
Funds set aside for loan impairment charges account for €391m of the loss.
The Danish-owned bank says backup systems were immediately put in place and that full service is being restored.
According to a new survey, about 48 per cent of multinationals in Ireland will employ new staff during 2012.
The bank made an operating profit, but this was wiped out by loan impairment charges on commercial property.
National Irish Bank is less optimistic on Irish export growth as eurozone economies slow down.
Bad debts and reduced customer demand the main factors behind increased loss compared to same period in 2010.