Three years after announcing its intention to leave Ireland, the bank confirmed that it had received approval from the European Central Bank to return the licence on Tuesday, April 30.
The bank thanked its customers and stakeholders for their trust over the past decades and expressed its gratitude to all employees"who have maintained the highest of standards in their work, providing continued support to customers and to each other while preparing the orderly exit". In April 2021, the bank announced that it intended to exit the Irish market citing the challenging operational environment for European banks.
In addition, a small portfolio of non-performing mortgages was also acquired by Bank of Ireland as part of the transaction.The bank closed its last remaining branch, hub as well as its online banking and app services in August last year.