Danske Bank will be the new banking provider to the HSE, this newspaper has been told.
The bank will be providing services to the Executive before next summer. As reported by the Medical Independent (MI) in March, the HSE had begun the process of selecting a new banking provider after Ulster Bank announced its intention to exit the Irish banking market.
Ulster Bank has provided banking services to the HSE since 2007.
“The HSE has received formal notification from its current banking service provider Ulster Bank that they intend to exit the Irish banking market,” a HSE spokesperson told MI.
“Ulster Bank will stop providing banking services on 30 June 2023 and the transition to a new provider will happen in advance of 30 June 2023. Danske Bank currently provides banking services (under an existing Office of Government Procurement framework agreement) to a number of Government departments.”
The November 2021 meeting of the Executive’s audit and risk committee heard that the HSE Treasury had “engaged” with HSE Procurement and the Office of Government Procurement regarding the HSE’s banking contract.
Danske Bank, formerly known as the National Irish Bank, is a bank operating in the Republic of Ireland and is a subsidiary of the Danske Bank Group.
The Group is a Danish multinational banking and financial services corporation based in Copenhagen.