Allied Irish Banks

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AIB headquarters in Dublin

Allied Irish Banks, p.l.c. (AIB) (Irish Bainc-Aontas Éireann) is a commercial bank based in Ireland. Founded in 1966 with the merger of three banks: the Provincial Bank of Ireland, the Royal Bank of Ireland, and Munster & Leinster Bank, its head office is located in Dublin. AIB is one of the "Big Four" largest Irish banks. His main competitor is Bank of Ireland.

In Poland, he was the majority shareholder of Bank Zachodni WBK.

The listed company was listed on the Irish Stock Exchange and the New York Stock Exchange, in London and Frankfurt. It is currently listed on the Irish Securities Market. Crisis 2008

After trouble with so-called "bad credit", the Irish government has decided to support AIB with € 3.5 billion. In return for state aid will take advantage of the bank's preferred shares.

December 24, 2010 The Irish Supreme Court has allowed the Irish government to take over Allied Irish Banks without the shareholders' consent, the government took 92% of the bank's shares, meaning its nationalization. In this decision, the Supreme Court of Ireland also ordered the bank to move from the London and main Dublin Stock Exchange to the Enterprise Securities Market (smaller Irish parquet).

wiki

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