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AIB (NI) (formerly known as First Trust Bank) is a commercial bank in Northern Ireland that is part of Allied Irish Banks 's UK subsidiary AIB Group (UK) plc. It is one of the Big Four banks in 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 ...
AIB also owns Allied Irish Bank (GB) in Great Britain and AIB (NI) in Northern Ireland. In November 2010, it sold its 22.5% stake in M&T Bank in the United States. At the beginning of 2008 AIB entered the Latvian, Estonian and Lithuanian markets by acquiring AmCredit mortgage finance business from the Baltic – American Enterprise Fund.
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. It is covered by the Financial Services Compensation Scheme.
AIB Group (UK) p.l.c. is a subsidiary of Allied Irish Banks. It is registered in Northern Ireland. 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.
Online only Bank of Ireland UK: 1783 London, England 1,700 Barclays: 1690 London, England 873 347 HSBC UK: 1865 London, England 1,998 327 Danske Bank UK: 1824 Belfast, Northern Ireland Lloyds Banking Group† 2009 Edinburgh, Scotland, Registered office London, England, Operational headquarters 794 1195 Metro Bank: 2010 London, England 21.6 ...
Banknotes have been issued for use specifically in Northern Ireland since 1929, and are denominated in pounds sterling. They are legal currencies, but technically not legal tender anywhere (including Northern Ireland itself). This is not uncommon as most bank notes are not recognised as tender. [1] However, the banknotes are still widely ...
The obverse side of Bank of Ireland banknotes features the Bank of Ireland logo, below which is a line of heraldic shields each representing one of the six counties of Northern Ireland. Below this is a depiction of a seated Hibernia figure, surrounded by the Latin motto of the Bank, Bona Fides Reipublicae Stabilitas ("Good Faith is the Cornerstone of the State"). [53]
The post-2008 Irish banking crisis was when a number of Irish financial institutions faced almost imminent collapse due to insolvency during the Great Recession. In response, the Irish government instigated a €64 billion bank bailout. This then led to a number of unexpected revelations about the business affairs of some banks and business people.