Al Rayan Bank PLC vs Bank of Ireland UK
Al Rayan Bank has a blended long-term credit rating of A and Bank of Ireland UK A+, so Bank of Ireland UK is rated 1 notch higher. Al Rayan Bank and Bank of Ireland UK hold separate banking licences, so eligible savings with each are protected by the FSCS up to £120,000 per person separately.
Al Rayan Bank PLC
Moody's
Bank of Ireland UK
Moody's, Fitch
Rating History Comparison
Comparison Summary
| Metric | Al Rayan Bank PLC | Bank of Ireland UK | Difference |
|---|---|---|---|
| Credit Rating | A | A+ | Bank of Ireland UK 1 notch higher |
| Normalized Score | 75 | 78 | -3 points |
| Agencies | Moody's | Moody's, Fitch | Different |
| Outlook | Stable | Stable | Same |
| Trend | NEW |
NEW |
Same |
| Investment Grade | Yes | Yes | Same |
Service record and deposit protection
| Measure | Al Rayan Bank | Bank of Ireland UK |
|---|---|---|
| Would recommend for overall service (CMA survey, Aug 2026, personal, GB) | not surveyed | not surveyed |
| Would recommend for online and mobile banking | not surveyed | not surveyed |
| Banking complaints per 1,000 accounts (FCA) | not published | 1.89 (2026 H1, group figure) |
| Complaints upheld by the bank | not published | 39% |
| Major operational or security incidents reported to the FCA, last 12 months | not collected | 0 (to Jun 2026) |
| Banking licence (FCA reference) | 229148 | 512956 |
Al Rayan Bank and Bank of Ireland UK hold separate banking licences, so eligible savings with each are protected by the FSCS up to £120,000 per person separately.
Survey: CMA / Ipsos, share of each brand's own customers who would recommend it (full rankings). Complaints: FCA firm-level data for the licence holder (all banks). Incidents: figures each bank must publish under the FCA's BCOBS 7 rules (all banks). A service score is about experience, not financial strength.Frequently asked questions
Is Al Rayan Bank or Bank of Ireland UK financially stronger?
Al Rayan Bank has a blended long-term credit rating of A and Bank of Ireland UK A+, so Bank of Ireland UK is rated 1 notch higher. A credit rating is an agency's opinion of a bank's ability to repay its debts, not a guarantee, and it says nothing about service.
Do Al Rayan Bank and Bank of Ireland UK share FSCS protection?
Al Rayan Bank and Bank of Ireland UK hold separate banking licences, so eligible savings with each are protected by the FSCS up to £120,000 per person separately.
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