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Permanent TSB Group Holdings plc, formerly Irish Life and Permanent plc is a provider of personal financial services in Ireland. Irish Life Assurance plc and the Irish Permanent Building Society merged to form the Irish Life and Permanent Group in 1999 and the merged entity acquired the Trustee Savings Bank in 2001. [2]
Bank of Scotland (Ireland) Danske Bank; First Active; ICS Building Society (previously Irish Civil Service Building Society) – investment shares acquired in 1984 by Governor and Company of the Bank of Ireland as well as society savers but ran separately for a period until a legislative change after the 1987 General Election.
TSB Bank (United Kingdom), a bank that split from Lloyds Bank in 2013 and divested through a stock market flotation; In other countries: Permanent TSB, formerly Irish Life and Permanent and originally Trustee Savings Bank in the Republic of Ireland; TSB (New Zealand), formerly the Taranaki Savings Bank
TSB Bank plc is a British retail and commercial bank based in Edinburgh, Scotland. It has been a subsidiary of Sabadell Group since 2015. As of 2022, TSB Bank operates a network of 220 branches. [1] TSB was launched on 9 September 2013.
The newly formed TSB Group's retail banking operations were consolidated into TSB England and Wales, TSB Scotland, TSB Northern Ireland and TSB Channel Islands, each trading as TSB Bank. In 1989, TSB England and Wales officially became TSB Bank, with TSB Bank Scotland and TSB Bank Northern Ireland becoming its subsidiary undertakings. The ...
Irish Life Assurance was a founding member of Irish Life & Permanent plc. In March 2012, during the Irish financial crisis, the profitable Irish Life Group was purchased from Permanent TSB by the Irish State for €1.2 billion as part of the recapitalisation of Permanent TSB bank. This ended the association between Irish Life Assurance and PTSB.
The majority of transactions involve the major banks and they in turn tend to enter into contracts with institutions outside Ireland, particularly in the EU. The Irish Stock Exchange also has the facility for exchange traded derivatives. Ireland's proximity to London, shared language and time zone is a benefit to its financial services industry.
It had around 100,000 members, with a branch network throughout Ireland. It also had branches in Belfast and London in the UK, and an Isle of Man division, based in Douglas. Irish Nationwide (IOM) Ltd ("INIOM") under a different name, Permanent Bank International Ltd, remained operating in Douglas, Isle of Man. It closed down on 15 December 2017.