Dáil Éireann Debate, Thursday - 9 November 2017
59. Deputy Michael McGrath asked the Minister for Finance when offshore operations commenced in each of the State supported banks; when operations ceased in these institutions; and if he will make a statement on the matter. [47597/17]
Amharc ar fhreagraOfficials in the Department of Finance have received the following responses from the banks in relation to the Deputy’s question:
AIB:
AIB’s businesses in Isle of Man and Jersey were established in 1977 and 1981 respectively. AIB became the owner of Anglo Irish Bank Corporation (International) PLC (now known as AIB ISL
(Limited) on 24 February 2011. Arising from the recapitalisation and restructuring of AIB, and the European Commission decision on State Aid, it was decided to wind down AIB ISL
Limited and AIB CI Limited in 2012. They ceased operations on 31 December 2013.
PTSB:
In its response, PTSB has assumed the Deputy’s question refers to deposit taking operations.
|
Off Shore Entity Name |
Operations Commenced |
Operations Ceased |
|
Permanent Bank International Ltd |
Acquired from Irish Nationwide Building Society in 2011. |
31/12/2017 |
|
Irish Permanent (IOM) Ltd |
1993 |
2010 |
