Officials in the Department of Finance have received the following responses from the banks in relation to the Deputy’s question:
AIB:
Arising from the recapitalisation and restructuring of Allied Irish Banks, p.l.c. the banking operations of AIB ISL Limited and AIB CI Limited were wound down by 30 November 2013.
PTSB:
Permanent TSB plc had two operations in the Isle of Man. The two are now either closed or in the process of closing.
Specifically, Irish Permanent (IOM) Limited (IPIOM) surrendered its banking licence and closed for business in 2010. Permanent Bank International Limited (PBI) is in wind down and will surrender its licence as a deposit taker at the end of next month. PBI was acquired as part of the acquisition of a deposit book from Irish Nationwide Building Society after the financial crash.
In IPIOM there are currently 89 accounts representing deposit balances of £370,000 that remain to be repatriated to “out of contact customers”. In PBI there are 223 accounts that remain to be closed, representing deposit balances of £20.2 million (Note: approximately 100 of these accounts are scheduled to close before the end of this month).