Rabobank (Ireland)
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Rabobank (Ireland)
Rabobank (Ireland) consisted of three banking entities in Ireland which were part of the Dutch owned Rabobank Group. The three Irish based businesses were ''Rabobank (Ireland) plc'', ''ACC Loan Management'' and ''RaboDirect Ireland''. Rabobanks first came to Ireland in 1994 when it established the commercial bank RaboBank (Ireland) plc in the IFSC in Dublin. In 2002 Rabobank bought the Agricultural Credit Corporation (ACC Bank) from the Irish government for €165 million. In 2005 Rabo launched its online savings bank RaboDirect which provides online savings account An online savings account (OSA) is a savings account managed and funded primarily on the Internet. Features OSAs are often characterized by a higher interest rate or lower fees, compared with traditional savings accounts. Many of these high-yie ...s and savings products such as PRSA's. RaboDirect ceased operations on 16 May 2018 and no longer operates banking services. The loan portfolios owned by ACC Loan Mana ...
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Rabobank
Rabobank (; full name: ''Coöperatieve Rabobank U.A.'') is a Dutch multinational banking and financial services company headquartered in Utrecht, Netherlands. The group comprises 89 local Dutch Rabobanks (2019), a central organisation (Rabobank Nederland), and many specialised international offices and subsidiaries. Food and agribusiness constitute the primary international focus of the Rabobank Group. Rabobank is the second-largest bank in the Netherlands in terms of total assets. A 2013 scandal resulted in a $1 billion fine for unscrupulous trading practices, which included the manipulation of LIBOR currency rates worldwide. Chief Executive Piet Moerland resigned immediately as a result. In terms of Tier 1 capital, the organisation is among the 30 largest financial institutions in the world. As of December 2014, total assets amount to €681 billion with a net profit of €1.8 billion. ''Global Finance'' ranks Rabobank 25th in its survey of "the world's safest banks". His ...
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ACC Loan Management
ACC Loan Management Limited, formerly ACCBank plc, was originally a commercial bank in Ireland that focused on agriculture and SME lending, and later became a company that focussed on managing the lending facilities of its existing clients. The bank had its origins in the Agricultural Credit Corporation (''Corparáid an Chairde Talmhaíochta'') set up in 1927 in the Irish Free State to finance agriculture; the bank was successful and led to the creation of the Industrial Credit Company, which was modelled on it and provided finance to industry. In the early 1990s, the company name was changed from "Agricultural Credit Corporation plc" to "ACCBank plc" in order to signify that the company was then targeting more than simply agricultural customers. In early 2002, the bank was sold by the Irish Government to Rabobank, it was one of the three entities of the Rabobank (Ireland). Company history 1927 The Agricultural Credit Corporation was founded in September 1927 and was one of the ...
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International Financial Services Centre
The International Financial Services Centre (IFSC) is an area of central Dublin and part of the CBD established in the 1980s as an urban regeneration area and special economic zone (SEZ) on the derelict state-owned former port authority lands of the reclaimed North Wall and George's Dock areas of the Dublin Docklands. The term has become a metonym for the Irish financial services industry as well as being used as an address and still being classified as an SEZ. It officially began in 1987 as an SEZ on an docklands site in central Dublin, with EU approval to apply a 10% corporate tax rate for "designated financial services activities". Before the expiry of this EU approval in 2005, the Irish Government legislated to effectively have a national flat rate by reducing the overall Irish corporate tax rate from 32% to 12.5% which was finally introduced in 2003. An additional primary goal of the IFSC was to assist the urban renewal and development programme of the North Wall ar ...
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Online Savings Account
An online savings account (OSA) is a savings account managed and funded primarily on the Internet. Features OSAs are often characterized by a higher interest rate or lower fees, compared with traditional savings accounts. Many of these high-yield accounts have no minimum balance. Account holders may link their OSAs to their existing external bank accounts for easy transfer of funds between multiple accounts. Some also offer ATM cards so customers can directly access the funds in their OSAs. Deposits and withdrawals Some banks offering OSA's may not have bank branches and a customer may deposit funds into their account by either ACH transfer, mailing in a cheque, or direct deposit. To withdraw money, customers can initiate an ACH transfer into another account or sometimes request a check from the bank in the desired amount. Changes in banking and investing OSAs, combined with rising interest rates, have made cash an increasingly attractive investment option. They provide a rel ...
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Defunct Banks Of Ireland
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ...
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Financial Services In The Republic Of Ireland
Financial services in the Republic of Ireland refers to the services provided by the finance industry: banks, investment banks, insurance companies, credit card companies, consumer finance companies, government sponsored enterprises, and stock brokerages. The market for the provision of financial services within the Republic of Ireland is dominated by the two large banking groups Allied Irish Banks and Bank of Ireland. However competition from domestic, overseas and internet providers ensures consumer choice. Regulation The regulator of financial services in the Republic of Ireland is Central Bank of Ireland. Financial derivatives in the Republic of Ireland Ireland has a well developed market for financial derivatives, with its annual value being measured in $ billions. Most common are interest rate swaps and foreign exchange transactions used by businesses to manage their risk and support their currency requirements. Ireland's strong funds and insurance sectors are also ...
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