Rabobank (Ireland) consisted of three banking entities in Ireland which were part of the Dutch owned
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 (Raboban ...
Group. The three Irish based businesses were ''Rabobank (Ireland) plc'', ''
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 ban ...
'' 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 Management were sold in 2019. Rabobank continues to provide corporate and wholesale banking services through a Dublin branch of Dutch company Coöperatieve Rabobank U.A.
External links
Rabobank Ireland- official website
Rabodirect- official website
ACC Loan Management- official website
References
{{Irish Banks
Defunct banks of Ireland
Financial services in the Republic of Ireland
2019 disestablishments in Ireland