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NIB teams up with Deutsche in cash management

The agreement makes it easier for companies to open accounts in a number of European countries outside Danske Bank Group’s home markets.

Danske Bank Group, the parent of National Irish Bank, has entered into an agreement with Deutsche Bank which gives National Irish Bank’s corporate customers an opportunity to make payments, manage liquidity and obtain account information in Deutsche Bank’s systems through Business eBanking, National Irish Bank’s online banking system for corporate customers.
In future, companies will be able to open accounts in the Netherlands, Belgium, France, Italy, Spain, Portugal, Switzerland, Czech Republic, Austria and Hungary by accessing Deutsche Bank’s systems through National Irish Bank.

Head of business acquisition and cash management at National Irish Bank Barry Meyler said: „We are delighted about this arrangement.” „It allows us to meet the requirements of an increasing number of our international customers to concentrate their business with as few banks in Europe as possible. „It means that all of our cash management customers will have a larger choice of countries to which payments will be easier to manage.”

National Irish Bank’s customers who already have access to their accounts in Denmark, Norway, Sweden, Finland, Estonia, Latvia, Lithuania, Northern Ireland, Great Britain and Germany through the Danske Bank network, will now be able to benefit from the new partnership. (www.sbpost.ie)