Bank of Ireland's Douglas branch to close

Tuesday, 13 August 2013 00:00

The Bank of Ireland's Douglas branch is to close affecting 25 staff.

In a statement, the company confirmed its offshore operations were no longer the priority as it focuses its efforts on UK and Irish markets.

The branch is located on Christian Road and is now in the process of winding down its operations.

All customers will be informed of developments and staff have already entered into consultation with their employer.

Treasury Minister Eddie Teare says this was to be expected:

(PLAY AUDIO ABOVE)

More from Isle of Man News

D-Day 80th to be marked with bagpipes

The 80th anniversary of the D-Day landings will be celebrated across the Island with 10 days of bagpipes.
Airport closes runway temporarily due to small aircraft incident

Isle of Man Airport have confirmed that the runway is currently closed following an incident involving a small aircraft.
Ongoing incident involving emergency services at Ronaldsway Airport

We've received reports of an ongoing incident on the runway at Ronaldsway Airport.
Chief Minister says government have been reminding people to 'buy Manx'

The chief minister says the government constantly reminds people about the benefits of buying local produce.
Investigative journo who uncovered Michelle Mone's links to PPE company awarded

The journalist who uncovered Michelle Mone's links to a company supplying PPE equipment during the pandemic has been named news reporter of the year by the Press Awards.
Minister to be questioned on cigarette age restrictions

Cigarette age restrictions will be on the agenda at next week's House of Keys sitting.
Man denies dangerous driving allegations

A motorist has denied dangerous driving after allegations he nearly caused several head-on crashes by driving on the wrong side of the road.
Hospitality body hits out at government

A hospitality body is demanding the government lowers VAT and income tax.