Zurich stated that “the decision to close to new customers was taken as Zurich has decided to focus on its core business of insurance.”
Existing customers will continue to be looked after with “the same quality of service”, the company further stated.
In a previous significant step in the controlled exit of Zurich from its banking business, the Central Bank of Ireland approved Zurich Bank’s request to cancel its banking license on December 14 last year.
As a result, Zurich Bank was renamed Dunbar Assets Ireland. It follows the transfer of Dunbar Bank plc’s remaining bank accounts and the return of its UK banking license in 2011.
