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Allied Irish Banks Limited was formed in 1966 as a new company that acquired three Irish banks: Provincial Bank of Ireland, the Royal Bank of Ireland, and the Munster & Leinster Bank. In 1966, AIB's aggregate assets were IR£ 255 million (€323.8 million)—as at 31 December 2005, the AIB Group had assets of €133 billion.
The market for the provision of financial services within the Republic of Ireland is dominated by the two large banking groups Allied Irish Banks and Bank of Ireland. However competition from domestic, overseas and internet providers ensures consumer choice .
Allied Irish Bank (GB) offers a full range of business banking services, delivered online and through 21 branches in Great Britain. The bank is authorised by the Prudential Regulation Authority and regulated by both the Financial Conduct Authority and the Prudential Regulation Authority.
Online banking, also known as internet banking, virtual banking, web banking or home banking, is a system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website or mobile app. Since the early 2000s this has become the most common way that customers ...
Americans already do most of their banking online — at least 7 out of 10 U.S. households are enrolled in digital banking, according to a survey on digital financial literacy, with 95% of those ...
Anglo Irish Bank – in July 2011, merged with the Irish Nationwide Building Society, forming a new company named the Irish Bank Resolution Corporation, itself dissolved in February 2013 under special liquidation following its recapitalisation and directive of Minister for Finance under powers from Credit Institutions (Stabilisation) Act 2010.
AIB Group (UK) p.l.c. is a subsidiary of Allied Irish Banks. It is registered in Northern Ireland. [1] Regulated by the Financial Services Authority, it serves as the legal entity for the United Kingdom banking division of the group. It trades under two names: Allied Irish Bank (GB) in Great Britain, where it is primarily a business bank.
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