The Bank of Ireland Silver Anniversary Bond has been launched to commemorate 25 years since the bank was first set up on the Isle of Man. Customers who invest in the bond will have access to growth potential from four of the world’s major stock market indices, while maintaining the security of having their capital investment guaranteed.
An early maturity feature is also part of the offer, which is available until September 29th 2006, with a minimum investment level of £5,000.
David Gilpin, who is responsible for marketing and product development at the Bank of Ireland Offshore, commented: “Our early maturity feature on this Bond means that if the four global stock markets selected perform well over the next two and a half years then the bond will mature early and pay investors a highly attractive gross return of 25 per cent.”
The Bank of Ireland is headquartered in Dublin and 64 per cent of its profits are made in Ireland.
The Bank of Ireland (Irish: Banc na hÉireann) is a commercial bank operation in Ireland and one of the traditional ‘Big Four’ Irish banks.
Historically the premier banking organisation in Ireland, the Bank occupies a unique position in Irish banking history. At the core of the modern-day group is the old Bank of Ireland, the ancient institution established by Royal Charter in 1783.
Bank of Ireland is the oldest bank in continuous operation (apart from 4 closures due to bank strikes, 1950, 1966, 1970, 1976) in Ireland.
The headquarters of the bank until the 1970s was the impressive Bank of Ireland building on College Green, Dublin. This building was originally designed by Edward Lovett Pearce in 1729 to host the Irish Parliament, and it was the world’s first purpose-built two-chamber parliament building.
The bank had planned to commission a building designed by Sir John Soane to be constructed on the site bounded by Westmoreland Street, Fleet Street, College Street and D’Olier Street (now occupied by the Westin Hotel). However the project was cancelled following the Act of Union 1800, when the newly defunct Parliament building was bought by Bank of Ireland in 1803. The old Bank of Ireland building continues today as a working branch. Today, visitors can still view the impressive Irish House of Lords chamber within the old headquarters building. The modern Irish Parliament is now housed in Leinster House in Dublin. In 2011, the Irish Government set out proposals to acquire the building as a venue for the state to use as a cultural venue.
In the 1970s the bank moved its headquarters to a modern building on Lower Baggot Street, Dublin 2. As Frank McDonald notes in his book “Destruction of Dublin”, when these headquarters were built, it caused the world price of copper to rise – such was the usage in the building.
New headquarters at 40 Mespil Road, Dublin 4
In 2010 the bank moved to a new, smaller headquarters on Mespil Road
Source: “Bank of Ireland Silver Anniversary Bond”
Photo credit: HowardLake via VisualHunt / CC BY-SA
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