ACC Loan Management Limited, formerly ACCBank plc, was originally a commercial bank in Ireland that focused on agriculture and SME lending, and later became a company that focussed on managing the lending facilities of its existing clients. The bank had its origins in the Agricultural Credit Corporation (Corparáid an Chairde Talmhaíochta) set up in 1927 in the Irish Free State to finance agriculture; the bank was successful and led to the creation of the Industrial Credit Company, which was modelled on it and provided finance to industry. In the early 1990s, the company name was changed from "Agricultural Credit Corporation plc" to "ACCBank plc" in order to signify that the company was then targeting more than simply agricultural customers. In early 2002, the bank was sold by the Irish Government to Rabobank, it was one of the three entities of the Rabobank (Ireland).
The bank were the main sponsor of Leinster Rugby from 1992 until the year 2000.[1]
Company history
1927
The Agricultural Credit Corporation was founded in September 1927 and was one of the first creations of the Irish Free State.
1988
A new Agricultural Credit Act empowered the corporation to deploy up to 25% of its risk assets outside agriculture and the foundations of present-day ACCBank were laid.
2000
ACCBank refocused its business model on the SME and Agri sectors positioning the bank as a relationship bank in these sectors.
2002
ACCBank became a wholly owned subsidiary of Rabobank.[2] With the backing of its parent, ACCBank embarking on ambitious plans to strengthen and grow its presence in Ireland as a leading Business and Agri-business bank. As part of the Netherlands-based, former AAA rated, Rabobank Group, ACCBank’s range of products and services included commercial mortgages, working capital finance, asset finance and leasing and wealth management.
2014 - ACCBank Restructuring, ceases banking, debt recovery focus
ACCBank decided to restructure with a focus solely on debt recovery, and stopped delivering banking services on 30 May 2014. This meant the closure of current accounts and return of all deposits, including interest due.[3]
See also
- List of Irish companies
- Agricultural Mortgage Corporation
- List of banks in the Republic of Ireland
External links
References
- 1999 2000 Leinster Vintage Rugby Shirts Old Jerseys Classic Rugby Shirts, retrieved 22 September 2025^
- Cyril Hardiman. Rabobank set to buy ACC Bank Irish Independent, 25 October 2001, retrieved 2021-12-24^
- ACCBank Restructuring – Customer Q&A