Anglo Irish Bank Deposits transferring to AIB

Today – 24th Feb 2011 – it was announced that €8.6 Billion of  deposits at Anglo Irish Bank will be transferred to Allied Irish Bank.
The Minister for Finance – probably in his last day in the job , announced the immediate transfer of the majority of the Irish and UK deposits and certain NAMA bonds  from Anglo Irish Bank Corporation Limited ) to Allied Irish Banks p.l.c.

The Central Bank say that  “No action is required by depositors as a result of this transfer. There will not be any immediate change in how depositors deal with their accounts. Deposits can be accessed as normal through the relevant institutions and depositors can continue to do business as normal with Anglo Irish Bank”

Allied Irish Banks PLC will also receive senior National Asset Management Agency bonds with a nominal value of approximately EUR12.2 billion,

AIB, which was effectively nationalised late last year will transfer 3.5 billion euros to Anglo and purchase Anglo’s Isle of Man unit for 200 million euros.

Anglo Irish deposits introduced through branches in Vienna, Dusseldorf and Jersey are not affected by this  Transfer Order .

Any queries can be directed at  Anglo’s relationship team: +353 1 616 2618 (Monday to Friday, 9am – 5pm)

In a related transfer – all Irish Nationwide Building Society deposits will be transferred to  Irish Life and Permanent (PTSB) .