Written answers

Wednesday, 4 October 2023

Photo of John McGuinnessJohn McGuinness (Carlow-Kilkenny, Fianna Fail)
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94. To ask the Minister for Finance if he will provide a list of all banks licensed to operate in Ireland; the date each one was issued; and the particular focus of each. [42925/23]

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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There are 17 banks authorised under Irish legislation, Section 9 of the Central Bank Act 1971, to carry on banking business in the State. These banks together with the start date for their licenses are listed below.

Including the 17 banks referred to above, there are 433 institutions listed in the Central Bank’s register of credit institutions permitted to operate in Ireland. The majority of these are eligible to provide banking services here on a cross border basis under EU Directive 36/2013 relating to the taking up and pursuit of the business of credit institutions. However many of these institution do not provide services in Ireland.

I am informed by the Central Bank of Ireland that it does not have information to hand on the date that each license was issued and the particular focus of each institution and is therefore not in a position to provide this within the time frame allotted.

The Central Bank’s Register of Credit Institutions is available via the Central Bank website here:registers.centralbank.ie/downloadspage.aspx

Credit Institution licensed pursuant to Section 9 of the Central Bank Act 1971 Licensed Bank, start date:

Allied Irish Banks, Public Limited Company 23/12/1971
Bank of America Europe Designated Activity Company 14/06/1995
Bank of Montreal Europe plc 29/11/1996
Barclays Bank Ireland plc 25/02/2005
Citibank Europe plc 01/05/2001
Dell Bank International Designated Activity Company 24/06/2013
EBS Designated Activity Company 01/07/2011
Elavon Financial Services Designated Activity Company 08/12/2006
Hewlett-Packard International Bank Designated Activity Company 03/09/1998
Intesa Sanpaolo Bank Ireland plc 02/10/1998
KBC Bank Ireland plc 17/05/1973
Macquarie Bank Europe Designated Activity Company 31/10/2019
Permanent tsb plc. 21/09/1994
Scotiabank (Ireland) Designated Activity Company 06/12/1990
The Governor and Company of the Bank of Ireland 23/12/1971
Ulster Bank Ireland Designated Activity Company 19/09/1973
Wells Fargo Bank International Unlimited Company 02/04/2007

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