| 7°C Dublin

More bank jobs on the line

AT least 100 banking jobs are on the line after National Irish Bank announced plans to close its network of 27 branches.

The company said that customers will be served through a new personal banking centre from November.

The Danish-owned bank said that the traditional branch model is no longer the cornerstone of personal banking.

The bank said nine locations will be converted to personal banking units where customers can meet financial advisers in Waterford, Athlone, Cork, Limerick, Letterkenny, and across Dublin in the IFSC, Tallaght, Swords, and Stillorgan.

The move is a massive shift in banking policy for NIB, which said that the Irish banking environment had radically changed.

Danske Bank has taken more control of its Irish operations as part of a wider restructuring of its overseas operations.

"To support and facilitate this change, the bank's new personal banking centre will be open seven days a week from September 2012, with extended opening hours of 8am to 8pm Monday to Friday and 9am to 4.30pm on Saturday and Sunday," said a bank spokesperson.