Bank of Ireland extends ‘NYC Hub’ lease in Manhattan until 2033

Bank of Ireland's NYC Hub located located at 2 Grand Central Tower in Manhattan

  • NYC Hub available to business customers expanding into the United States
  • Visitors and events at Bank of Ireland’s NYC Hub doubled last year

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Bank of Ireland has extended the lease for its New York office (NYC Hub) until 2033. NYC Hub is available to Bank of Ireland customers looking to expand into the United States, with more than 20 businesses regularly using it currently.

Bank of Ireland has been in New York since 1976 and also has teams located in Chicago, LA and Stamford supporting economic ties between Ireland and the United States. The Bank’s FDI team has supported over 600 international companies, many of them US-based, to set up in the Irish market.

Located at 2 Grand Central Tower in Manhattan, NYC Hub is a flexible workspace with seven offices, three meeting rooms, a conference room, 20 hot desks and event space accommodating up to 120 people. The Hub hosted 3,000 people and 113 events in 2023, double the volume of the previous year.

Speaking in New York this week, Myles O’Grady, Group CEO, Bank of Ireland said: “We are proud to be in the US for almost 50 years now, supporting both Irish customers expanding into America and US companies looking towards Europe.

“Our NYC Hub is a very practical support, providing customers with a place to work or meet clients, suppliers and investors in the heart of Manhattan. And we have a similar ‘FDI Landing Space’ in Dublin, providing US companies with office and event space as they establish their presence in Europe. Extending the lease in New York for another 10 years is a sign of our commitment to helping businesses on both sides of the Atlantic Ocean with their ambitions and growth.”

Visiting New York this week, Minister for Justice, Helen McEntee TD said: “Bank of Ireland’s NYC Hub is a crucial part of the Irish-American picture in New York City; as a commercial gateway for its customers in the Big Apple and as a platform for Irish organisations in every sector to make their mark on the city. I was delighted to hear the news that the hub’s future in the city is assured for another decade and I know it will be of enormous benefit to countless organisations for years to come.”

Bank of Ireland’s Corporate and Commercial Banking Division has a team of more than 1,100 dedicated to serving a wide range of SMEs and larger national and international corporations. The Division provides wholesale financial markets services, specialised acquisition finance, and property lending activities across Ireland, the UK, France, Germany, Spain, and the US.