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Allied Irish Bank (GB)
Encyclopedia
Allied Irish Bank is the trading name of commercial banks operating in Great Britain
. AIB Group (UK) p.l.c., registered in Belfast
, Northern Ireland
and regulated by the Financial Services Authority
, is the legal entity which also includes First Trust Bank
. Together they belong to the UK division of Allied Irish Banks
, which has total assets of €15.1 billion.
In the Great Britain market, the division operates from 32 full service branches and 12 business development offices. The Divisional Head Office is located in Uxbridge
, in west London
, with significant back office processing undertaken at a Branch Services Centre in First Trust Bank
in Belfast
.
A full service is offered to business and personal customers, although there is a clear focus on relationship banking in the midcorporate business sector, owner managed businesses, professionals, and high net worth individual
s. Corporate Banking services are offered from London, Birmingham
, and Manchester
, with particular expertise in the commercial property, education, health and charity sectors. A distinction should be made from AIB's Corporate Banking service delivered by the Capital Markets division, which focuses on large, typically listed corporates and large lending transactions of typically £10m+. Separate offices located in London, Birmingham and Manchester deliver these services.
In 2006, for the seventh consecutive time, Allied Irish Bank (GB) won the title of "Britain's Best Business Bank" from the Forum of Private Business, being ranked top for customer service and maintaining its lead over other major banks.
Allied Irish Banks confirmed plans to sell off the bank in April 2010 as part of plans to raise capital. However, these plans have been brought into question as AIB has been unable to secure a suitable offer for the bank.
Great Britain
Great Britain or Britain is an island situated to the northwest of Continental Europe. It is the ninth largest island in the world, and the largest European island, as well as the largest of the British Isles...
. AIB Group (UK) p.l.c., registered in Belfast
Belfast
Belfast is the capital of and largest city in Northern Ireland. By population, it is the 14th biggest city in the United Kingdom and second biggest on the island of Ireland . It is the seat of the devolved government and legislative Northern Ireland Assembly...
, Northern Ireland
Northern Ireland
Northern Ireland is one of the four countries of the United Kingdom. Situated in the north-east of the island of Ireland, it shares a border with the Republic of Ireland to the south and west...
and regulated by the Financial Services Authority
Financial Services Authority
The Financial Services Authority is a quasi-judicial body responsible for the regulation of the financial services industry in the United Kingdom. Its board is appointed by the Treasury and the organisation is structured as a company limited by guarantee and owned by the UK government. Its main...
, is the legal entity which also includes First Trust Bank
First Trust Bank
First Trust Bank, part of the AIB Group, is a commercial bank in Northern Ireland. The bank was created in 1991 when TSB Northern Ireland merged with the AIB Group's other interests. The bank can trace its existence back to 1816 with the founding of the Belfast Savings Bank...
. Together they belong to the UK division of Allied Irish Banks
Allied Irish Banks
Allied Irish Banks p.l.c. is a major commercial bank based in Ireland.AIB is one of the so called "big four" commercial banks in the state. The bank has one of the largest branch networks in Ireland; only Bank of Ireland fully rivals it. AIB offers a full range of personal and corporate banking...
, which has total assets of €15.1 billion.
In the Great Britain market, the division operates from 32 full service branches and 12 business development offices. The Divisional Head Office is located in Uxbridge
Uxbridge
Uxbridge is a large town located in north west London, England and is the administrative headquarters of the London Borough of Hillingdon. It forms part of the ceremonial county of Greater London. It is located west-northwest of Charing Cross and is one of the major metropolitan centres...
, in west London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
, with significant back office processing undertaken at a Branch Services Centre in First Trust Bank
First Trust Bank
First Trust Bank, part of the AIB Group, is a commercial bank in Northern Ireland. The bank was created in 1991 when TSB Northern Ireland merged with the AIB Group's other interests. The bank can trace its existence back to 1816 with the founding of the Belfast Savings Bank...
in Belfast
Belfast
Belfast is the capital of and largest city in Northern Ireland. By population, it is the 14th biggest city in the United Kingdom and second biggest on the island of Ireland . It is the seat of the devolved government and legislative Northern Ireland Assembly...
.
A full service is offered to business and personal customers, although there is a clear focus on relationship banking in the midcorporate business sector, owner managed businesses, professionals, and high net worth individual
High net worth individual
A high-net-worth individual is a person with a high net worth. In the private banking business, these individuals typically are defined as having investable assets in excess of US$1 million. As explained below, the U.S...
s. Corporate Banking services are offered from London, Birmingham
Birmingham
Birmingham is a city and metropolitan borough in the West Midlands of England. It is the most populous British city outside the capital London, with a population of 1,036,900 , and lies at the heart of the West Midlands conurbation, the second most populous urban area in the United Kingdom with a...
, and Manchester
Manchester
Manchester is a city and metropolitan borough in Greater Manchester, England. According to the Office for National Statistics, the 2010 mid-year population estimate for Manchester was 498,800. Manchester lies within one of the UK's largest metropolitan areas, the metropolitan county of Greater...
, with particular expertise in the commercial property, education, health and charity sectors. A distinction should be made from AIB's Corporate Banking service delivered by the Capital Markets division, which focuses on large, typically listed corporates and large lending transactions of typically £10m+. Separate offices located in London, Birmingham and Manchester deliver these services.
In 2006, for the seventh consecutive time, Allied Irish Bank (GB) won the title of "Britain's Best Business Bank" from the Forum of Private Business, being ranked top for customer service and maintaining its lead over other major banks.
Allied Irish Banks confirmed plans to sell off the bank in April 2010 as part of plans to raise capital. However, these plans have been brought into question as AIB has been unable to secure a suitable offer for the bank.