Anglo Irish Bank
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| Anglo Irish Bank Corporation plc | |
|---|---|
| Type | Public - ISE & LSE |
| Founded | Dublin Ireland (1964) |
| Headquarters | Dublin Ireland |
| Key people | David Drumm, CEO |
| Products | Various banking products |
| Employees | 1500 (2006) |
| Website | www.angloirishbank.ie |
Anglo Irish Bank Corporation plc (Irish: Banc Angla-Éireannach) ISEQ: 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 growing wealth management and treasury divisions. The company made €1.2bn in the financial year Sept 2006- Sept 2007.
Chief Executive Seán FitzPatrick stepped down in 2005 to assume the role of chairman. David Drumm has now become chief executive. David Drumm himself is amongst the youngest of Ireland's chief executives of public companies at 40.
In January 2007, it was reported that Seán Quinn bought a 5% stake of Anglo Irish Bank for $750 million.
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[edit] Biography
David K. Drumm was appointed CEO of Anglo Irish Bank in 2004.
[edit] 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).
[edit] Global spread
Anglo Irish Bank has offices worldwide in the following countries: Austria, Ireland, Switzerland, the United Kingdom, the United States, and the Isle of Man.
[edit] Growth
The business' rapid growth can be seen in its surge in market capitalisation from around €1 billion in 2000 to the current €7-8bn
[edit] Miscellaneous
The company is not to be mistaken for AIB which is also an Irish bank.
[edit] See also
[edit] External links
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