Northern Irish Bank Staff Put on Alert After May Terrorist Bomb

Bank employees in Northern Ireland are being put on alert after terrorist bomb attacks in recent months by dissident Irish nationalists.

A branch of Banco Santander SA (SAN) in Derry was bombed on May 21, causing “extensive damage,” according to police. The Real Irish Republican Army, which killed a policeman in April, said it carried out the attack. Last October, the same group exploded a car bomb in Derry outside a branch of Ulster Bank Ltd., part of Royal Bank of Scotland Group Plc.

“We are urging our staff to remain vigilant and are helping police with their inquiries,” Andy Smith, a spokesman for Santander, said by phone yesterday. A spokeswoman for Ulster Bank declined to comment on “specific security matters.”

Banks have been blamed for their role in the global financial crisis, with three people left dead during an attack on a branch during demonstrations in Athens. The Real IRA is seeking to build on discontent after the Republic of Ireland sought an 85 billion-euro ($120 billion) rescue last year.

Previously, the Real IRA said it is targeting banks, as it seeks to reignite the conflict in Northern Ireland that claimed 3,500 lives before largely ending in 1998. In 2009, the group, which splintered from the Provisional IRA after members laid down their arms, killed two British soldiers in a gun attack, the first military fatalities in the region since 1997.

‘Marginalized’

“They are marginalized,” Emmet O’Connor, a politics lecturer at the University of Ulster, said in an interview. “Some of them would very much be in favor of attacking international capitalism. The International Monetary Fund bailout in the south of Ireland would fit into their critique.”

Unemployment in Northern Ireland has more than doubled over the past three years as a housing crash was amplified by the global credit crisis. The power-sharing assembly in Belfast was revived in 2007, just as the economy in the Republic of Ireland was on the cusp of collapse.

“The IRA view the bankers as being in collaboration with the British government,” Paul Stewart, spokesman for the 32 County Sovereignty Movement, a group classed by the U.S government as a terrorist organization with links to the Real IRA, said in a phone interview. “Brits out isn’t enough, capitalism has to be defeated.”

The British Bankers Association condemned the bombs and said in an e-mailed statement it “would urge anybody with any information about recent attacks to contact the authorities.”

Gerry MacLochlainn, a Sinn Fein lawmaker, served a jail sentence in England for his IRA activities. Last month he watched as the bomb exploded at the Santander branch.

The IRA, former allies of Sinn Fein, decommissioned their weapons in 2005 and Sinn Fein now shares power in the region’s assembly after pledging to pursue its aims peacefully.

“I was around 100 yards from the explosion,” MacLochlainn said in a telephone interview. “If they think that by attacking a small local branch of a bank that they are striking a blow against international finance, they are sadly delusional.”

To contact the reporter on this story: Colm Heatley in Belfast News at cheatley@bloomberg.net

To contact the editor responsible for this story: Colin Keatinge at ckeatinge@bloomberg.net

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