Anglo Irish Bank

Infobox Company
company_name = Anglo Irish Bank Corporation plc
company_
company_type = Public - ISE & LSE
company_slogan = N/A
foundation = flagicon|Ireland Dublin, Ireland (1964)
location = flagicon|Ireland Dublin, Ireland
key_people = David Drumm, CEO
num_employees = 1500 (2006)
products = Various banking products
homepage = [http://www.angloirishbank.ie www.angloirishbank.ie]

Anglo Irish Bank Corporation plc (Irish: "Banc Angla-Éireannach"; ise|ANGL, lse|ANGL, FWB|CKL) is a bank based in Ireland, listed on both the Irish Stock Exchange and the London Stock Exchange, and headquartered in Dublin. The company mainly deals in business and commercial banking, and has a limited retail presence in the major Irish cities. It also has wealth management and treasury divisions. Anglo-Irish also has operations in Austria, Ireland, Switzerland, the United Kingdom, the United States, and the Isle of Man.

Chief Executive Seán FitzPatrick stepped down in 2005 to assume the role of chairman. The current CEO is David Drumm. The company made €1.2bn in the financial year Sep 2006-Sep 2007, and has a market capitalization of €4-5 bn.

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%.

Anglo-Irish is not to be mistaken for AIB which is also an Irish bank.

October 2008

Anglo Irish Bank is one the banks to benefit from the Irish Government's emergency banking guarantee.

History

*1964 Anglo Irish Bank was established in Dublin.
*1971 Anglo Irish listed on the stock exchange.
*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).

ee also

*List of Irish companies

External links

* [http://www.angloirishbank.ie/ Official site]