HFC Bank has announced that it is to close its business in the Republic of Ireland with the loss of 41 jobs.
The bank, a subsidiary of global banking group HSBC, offered personal loans and insurance products from seven branches in Dublin, Kildare, Limerick and Galway.
The bank, part of HFC Bank UK, said it would be contacting existing customers in the coming days.
It said the decision to close was taken after a review which recommended that the bank focus its activities in the UK.
The CEO of HFC Bank UK, Richard Spence, said the business in the Republic was the only part of the bank not operating in sterling. He said the bank had been unable to deal with the costs associated with changing to the euro.
