Bank of Ireland is set to shut down eight branches across its network in Northern Ireland, which could lead to loss of over 50 jobs in the region.

Branches affected by the move include Castlereagh, Draperstown, Antrim, Belleek, Castlederg, Newtownards, Maghera and Donegall Square South in Belfast. The bank will still comprise 28 branches across the northern Ireland region.

Bank of Ireland UK regional director Sean Sheehan said: “We are responding to the continuing shift in customer behaviour towards increased use of digital and online channels, and the changes announced today will put us in the best position to continue to support our customers’ changing needs and grow our business in the future.”

The closures will be done on a phased basis starting at the end of 2016.

Employees at the affected branches will be offered the opportunity to move elsewhere in the business, or apply for voluntary redundancy.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.