Statement 24 February 2011
The Central Bank of Ireland notes the decision by the High Court to approve the transfer of the deposit books of Anglo Irish Bank to AIB and Irish Nationwide Building Society to Irish Life & Permanent.
The Department of Finance has confirmed that the terms and conditions of transferring deposits from Anglo Irish Bank and Irish Nationwide remain the same, including those in relation to maturity and interest rate, and will be unaffected by the transfer.
No action is required by depositors as a result of this transfer. There will not be any immediate change in how depositors deal with their accounts. Deposits can be accessed as normal through the relevant institutions and depositors can continue to do business as normal with Anglo Irish Bank and Irish Nationwide.
The Department of Finance has also confirmed depositors both during and after the transfer will be protected under the Credit Institutions Eligible Liabilities Guarantee Scheme 2010 and the Deposit Protection Scheme.
Both institutions will continue to communicate with customers throughout the process. Any questions regarding individual accounts should be directed to the relevant institution through normal customer contact channels.
Anglo Irish Bank and Irish Nationwide Building Society continue to operate as credit institutions authorised and regulated by the Central Bank of Ireland.