Anglo Irish Bank Corporation (International) PLC became a wholly owned subsidiary of Allied Irish Banks, p.l.c. (“AIB”) effective of 24 February 2011 under the Irish Government’s Credit Institutions (Stabilisation) Act 2010.
As a consequence of the transfer to AIB, Anglo Irish Bank Corporation (International) PLC became AIB International Savings Limited on 15 August 2011.
Our parent AIB, originally named Allied Irish Banks Limited, was incorporated in Ireland in September 1966 as a result of the amalgamation of three long established banks: the Munster and Leinster Bank Limited, (established 1885), the Provincial Bank of Ireland Limited (established 1825) and the Royal Bank of Ireland Limited (established 1836).
As well as conducting a broad retail and commercial banking business in Ireland, the Group also operates established retail and corporate banking businesses in the United Kingdom. Additionally it has overseas branches in New York and subsidiary companies in the Isle of Man and Jersey (Channel Islands). It also has representative offices in a number of States in the US.
AIB is deemed by the Irish Government to be of systemic importance to Ireland’s domestic banking sector and as such is classified as one of the country’s two ‘Pillar’ banks. Further detailed information relating to our parent company can be found by visiting www.aibgroup.com.
AIB International Savings Limited is a participant in the Isle of Man Depositors’ Compensation Scheme as set out in the Depositors’ Compensation Scheme Regulations 2010.