NIB to be rebranded Danske Bank under restructuring

National Irish Bank (NIB) is to be rebranded under the name of its parent company, Danish group Danske Bank, later this year.

The move forms part of a total reorganisation of Danske’s operations here. As well as the NIB name going, the business will be structured around three separate divisions — personal banking, business banking and corporates and institutions. The new organisation will take effect from the beginning of next month, but the full rebranding won’t be complete until nearer the end of the year.

Danske Group chairman Eivind Kolding said that integrating NIB with the rest of the group will support its drive for growth in corporate and private banking — two areas in which NIB saw some growth levels in the first quarter of this year.