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12th November 2009

BANK OF IRELAND OFFSHORE - AN INVESTOR IN PEOPLE FOR OVER SEVEN YEARS

Bank of Ireland (I.O.M.) Limited has been re-accredited with the Investors in People (IIP) standard, which was first awarded to the bank in March 2002.

In 2006 Bank of Ireland became the first company on the Isle of Man to be partially assessed using the Investors in People Profile Framework. Profile was a framework of good practice that provided further stretch, going beyond the scope of the IIP standard into broader areas of people management and development. It pushed the bank to focus on continuous improvement, through in-depth analysis of their strengths and weaknesses and how they could focus on further improvements and productivity gains.

IIP is the leading people management benchmark of business improvement. The benefits of IIP accreditation are many and include providing a structured way to improve the effectiveness of training and development activities, increased customer satisfaction through enhanced quality and improved motivation amongst staff, and improved earnings, productivity and profitability.

Commenting on the 2009 re-accreditation, Managing Director Michael McKay said, " Continuing to meet the high standards required to maintain our IIP accreditation is a testimony to our commitment to our most important assets, our people. Credit must go to the hard work of our management and staff in keeping the focus on communication, learning and development in our business. We have an excellent team and we are proud to be recognised as an employer of choice in the Isle of Man."