Deposit transfer questions

Q1. Who was affected by the Transfer Orders?

From 24 February 2011, the legal effect of the transfer was that the majority of customer deposit accounts previously held with the Bank's branches in Ireland are now held with Allied Irish Banks p.l.c. (AIB) and in the case of those deposits held formerly by Anglo branches in the U.K. are now held with AIB's UK subsidiary, AIB Group (UK) p.l.c. Accounts formerly held with Irish Nationwide Building Society (INBS) are now held with Permanent TSB.

The Frequently Asked Questions (FAQs) outlined below address issues affecting clients of the Bank whose deposit(s) transferred as detailed above.

Q2. Why was my deposit transferred?

The decision to make this transfer was made in the context of the National Recovery Plan 2011-2014 and the European Union / International Monetary Fund Programme of Financial Support for Ireland.

Under powers granted by the Credit Institutions (Stabilisation) Act 2010, the Irish Minister for Finance, in consultation with the Central Bank of Ireland, announced the immediate transfer of certain deposits and assets from the Bank to the AIB Group and from Irish Nationwide Building Society (INBS) to Permanent TSB

Please refer to www.finance.gov.ie for the Minister’s Statement in relation to the Transfer Orders.

Q3. What impact did this transfer have on the safety of my deposit(s)?

To the extent that relevant deposit protection schemes applied to the deposit(s) prior to transfer:

• Under the terms of this transfer, deposits that have been transferred continue to retain the same level of protection from the Deposit Protection Scheme in respect of amounts up to €100,000, per depositor.
• Where applicable, the protection offered by the Eligible Liabilities Guarantee Scheme 2009 which covers amounts over €100,000 continues to apply.

For further information on deposit protection schemes, please visit www.finance.gov.ie

If you have any queries, please contact your relationship team on +353 1 6162618 (Monday to Friday, 8am – 5pm) Telephone calls are recorded.

Q4. Can I still operate my account? How?

For accounts transferred to the AIB Group, IBRC continues to provide a support service to the AIB Group. as the operational aspects of the transfer process are completed. You can be reassured that this announcement does not have an immediate operational impact on deposit(s) held by you. You can continue to operate your deposit(s) as normal.

If you have any queries, please contact your relationship team on +353 1 6162618 (Monday to Friday, 8am – 5pm) Telephone calls are recorded.