Allied Irish Banks, Plc

Allied Irish Banks plc (AIB) was established in 1966 as a merger of 3 Irish banks: Munster and Leinster Bank, the Provincial Bank of Ireland and the Royal Bank of Ireland. During the financial crisis of 2007-2008, AIB was highly affected by deterioration in domestic economic conditions and real estate values and had to accept financial aid from the Irish Government and to dispose its shares in several of its subsidiaries. AIB mainly operates in Ireland and the United Kingdom providing a range of banking products and services to personal, business and corporate customers.

Services

Retail Banking
Corporate Banking

Products

Financials

Total Assets (2016)
95 622.00 mln EUR  (-7.27%)
Net Income (2017)
1 114.00 mln EUR  (-18.39%)

In 2016 total assets of Allied Irish Banks, Plc were 95 622,00 mln EUR. In 2017 the bank's net income was 1 114,00 mln EUR.

Allied Irish Banks, Plc is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is BBB- (good credit quality). Long-term credit rating assigned to the bank by Moody's is Baa1 (lower medium grade).

Allied Irish Banks, Plc participates in deposit guarantee scheme of Ireland. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Allied Irish Banks, Plc is a member of Allied Irish Banks (Ireland).

Contacts

Bankcentre, Ballsbridge, 4, Dublin, Ireland
452

Allied Irish Banks, Plc is headquartered in Dublin.

Bank Identifiers

BIC (SWIFT)
AIBKIE2DXXX
MFI ID
IEAIBPLC

Business Summary

Services
retail banking
corporate banking
Products
current accounts
debit cards
credit cards
savings accounts
time deposit accounts (0.50 - 0.50 %)
consumer loans
mortgage loans
investment funds

Allied Irish Banks, Plc provides products and services in the areas of retail banking, corporate banking. The range of products offered by Allied Irish Banks, Plc includes current accounts, debit cards, credit cards, savings accounts, time deposit accounts (0.50 - 0.50 %), consumer loans, mortgage loans, investment funds.

Products

Time Deposit Accounts

Time deposits accounts are interest-bearing deposit accounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).

Time deposit accounts made with Allied Irish Banks, Plc are covered by deposit guarantee scheme of Ireland up to 100 000 EUR per depositor. Allied Irish Banks, Plc offers the following time deposit accounts.

Updated on 25 September 2018

Festgeld
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
0.50 %
Deposit Term (months)
12
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Interest Rate (p.a.)
0.50 %
Deposit Term (months)
12
Investment Amount
5000 - 100000 EUR
Interest Frequency
1 times a year

Germany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.

See Also

Financial Positions

Total Assets (2016)
95 622.00 mln EUR  (-7.27%)

In 2016 total assets of Allied Irish Banks, Plc were 95 622.00 mln EUR. Decline compared to the previous period (2015) was -7.27%. The evolution of the total assets of Allied Irish Banks, Plc is shown at Chart 1 below.

Total Assets of Allied Irish Banks,  Plc.

Chart 1. Total Assets of Allied Irish Banks, Plc.

Profit and Loss

Net Income (2017)
1 114.00 mln EUR  (-18.39%)

In 2017 net income of Allied Irish Banks, Plc was 1 114.00 mln EUR. Decline compared to the previous period (2016) was -18.39%. The evolution of the net income of Allied Irish Banks, Plc is shown at Chart 2 below.

Net Income of Allied Irish Banks,  Plc.

Chart 2. Net Income of Allied Irish Banks, Plc.

Credit Ratings (as of May 2018)

Fitch Moody's
BBB- (good credit quality) Baa1 (lower medium grade)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Allied Irish Banks, Plc is rated by Fitch and Moody's.

Credit ratings assigned to Allied Irish Banks, Plc as of May 2018 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for Allied Irish Banks, Plc it is set to BBB- (good credit quality), outlook is positive (may be raised). The rating is not on watch. Short-term issuer default rating for Allied Irish Banks, Plc is set to F3 (fair short-term credit quality).

Long-Term Issuer Default Rating  BBB-
    Outlook  positive
    On Watch  No
Short-Term Issuer Default Rating  F3
Viability Rating  bbb-
Support Rating  5
Support Rating Floor  NF

Viability rating for Allied Irish Banks, Plc is set to bbb- (good fundamental credit quality); support rating is 5 (there is a possibility of external support, but it cannot be relied upon); support rating floor is NF (no floor; no reasonable presumption of potential support being forthcoming).

Moody's

Long-term rating for Allied Irish Banks, Plc it is set to Baa1 (lower medium grade). Long-term bank deposit rating is Baa1 (lower medium grade). Baseline credit assessment is ba1. Short-term rating is not assigned.

Long-Term Rating  Baa1
Long-Term Bank Deposit Rating  Baa1
Baseline Credit Assessment  ba1
Short-Term Rating  -
Outlook  positive

Outlook for the ratings of Allied Irish Banks, Plc is set to positive (may be raised).

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Ireland are obliged to participate in Irish deposit guarantee scheme.

In the case of Allied Irish Banks, Plc failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  individuals, small companies, partnerships, clubs, associations, schools
Covered Accounts  any credit balance on an account with a bank (for example, current accounts, demand deposit accounts, notice deposit account, certificates of deposit, fixed-term deposit accounts, share accounts in a building society or credit union, deposit element of structured deposits/tracker bonds may also be eligible, credit balances on credit cards issued by credit institutions may also be eligible)
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of Allied Irish Banks, Plc and its components are shown in the table below.

BIC  AIBKIE2DXXX
Bank BIC Code  AIBK
Country Code  IE (Ireland)
Location Code  2D
Branch Code  XXX

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of Allied Irish Banks, Plc is shown in the table below.

MFI ID  IEAIBPLC