Anglo Irish Bank Business

anglo irish bank business Anglo Irish Bank business is run by Anglo Irish Bank Corporation (Irish: Banc Angla-Éireannach), mainly deals in business and commercial banking.

The bank corporation is a state-owned bank based in Ireland with its headquarters in Dublin.

What is the history of this banking corporation and what are the services this banking corporation is offering?

Anglo Irish Bank Business

Anglo Irish Bank is a focused business bank providing:
1. Business Banking
2. Treasury, and
3. Private Banking services

The customers deal directly with a dedicated Relationship Manager who delivers a high quality service in their field of expertise.

Anglo Irish Business Banking

The business banking services are provided in Ireland, UK, and the US, supporting the customers’ financial needs with a relationship management approach.

The broad range of credit-related products includes:
* Loans (Domestic Currency/Foreign Currency, and Fixed Rate/Variable Rate)
* Guarantees/Bonds
* Asset Finance and Leasing
* Invoice Discounting and Film Finance
* Secured Personal Loans

Anglo Irish Treasury

The Treasury Services are provided in Ireland, UK, US, Austria, Germany, Jersey and Isle of Man, which offers a range of services to personal, corporate and institutional clients, including:

* Risk Management
- Corporate Foreign Exchange/Interest Rate Management
- Liquidity Management/Corporate Institutional Deposits

* Personal Savings and Investments Products
~ The Personal Savings services are provided in Ireland, UK and Isle of Man, delivering an efficient and personalised service with very competitive interest rates.

* Designated Deposit Products
* Corporate Trade Finance Services
* Charities
* Professional Practices
* Corporate Trade Finance

Anglo Irish Private Banking

The Private Bank is based in Dublin, providing a range of services to high net worth clients of the Bank, which include:

* Investment and Advisory Services
* Portfolio Management
* Liquidity and Risk Management
* Trustee Administration Services

Internationally, Anglo Irish Bank business maintains a treasury relationship with a worldwide network of over 350 banks.

For example, Anglo Irish Bank is authorised by the Financial Regulator in Ireland and is subject to limited regulation by the Financial Services Authority in the UK. Details about the extent of the regulation by the Financial Services Authority are available from the bank corporation on request.

anglo irish bank business

Anglo Irish Bank Business History

The Anglo Irish Bank was established in Dublin in 1964 and listed on the stock exchange in 1971.

From 1988 to 2001, a series of acquisition took place:

1988 – Anglo Irish acquired Irish Bank of Commerce.
1995 – Anglo Irish acquired Royal Trust Bank (Austria), a bank with a 100 year history, from Royal Bank of Canada and renamed it Anglo Irish Bank (Austria). Anglo Irish also acquired a loan portfolio from Allied Dunbar.
1996 – Anglo Irish acquired Ansbacher Bankers, which was established in Dublin in 1950.
1998 – Anglo Irish acquired Credit Lyonnais (Austria) and combined it with its existing Austrian operations.
1999 – Anglo Irish acquired Smurfit Paribas Bank, a joint-venture that Banque Paribas had helped establish in Dublin in 1983. Anglo – Irish also bought a loan portfolio from Bayerische Hypo- und Vereinsbank.
2001 – Anglo Irish acquired Banque Marcuard Cook & Cie. in Geneva, Switzerland, and renamed it Anglo Irish Bank (Suisse).

In year 2005, Chief Executive Seán FitzPatrick stepped down to assume the role of chairman. David Drumm replaced him as CEO.

In January 2007, it was reported that Seán Quinn bought a 5% stake of Anglo Irish Bank for $750 million. In July 2008 Quinn converted investments in the bank to ordinary shares, increasing his family’s stake to 15%.

In December 2008, both FitzPatrick, the Chairman, and Drumm, the CEO, resigned. There was this hidden loans controversy, according to wikepedia sources at http://en.wikipedia.org/wiki/Anglo_Irish_Bank_hidden_loans_controversy.

In year 2009, the Irish Government nationalised Anglo Irish Bank at which point the Irish Stock Exchange and the London Stock Exchange delisted the bank. On 19 January the Board of Directors resigned to allow the Government to appoint a new board.

For more info about the Anglo Irish Bank business, you can visit their group site at http://www.angloirishbank.com/


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