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Barclays may become biggest bank in Ireland

BarclaysBarclays is poised to become Ireland’s biggest bank by assets even as it is getting ready for Brexit, which will mean that the ownership of all of its European branches will move to Dublin. This will lead to its assets – some €250 billion – moving to Dublin, making it far bigger than Bank of Ireland at €123 billion or AIB with €90.1 billion. The bank, which has previously outlined plans to expand in Ireland, adding up to 200 new employees, recently moved into its new headquarters at One Molesworth Street. The bank has begun shifting direct ownership of its French, German and Spanish branches from a British-based entity to its Irish bank. It is expected that it will ultimately move all of its European branches under control of Barclays Bank Ireland.

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