Statement 8 February 2011
The Central Bank of Ireland notes the decision by the High Court to enable the NTMA to begin a process to transfer the deposits and corresponding assets held by Anglo Irish Bank and Irish Nationwide Building Society to a third party financial institution(s).
The Minister for Finance has confirmed that deposits remain protected and the terms and conditions of deposit accounts remain the same and will be safeguarded in any transfer.
There will not be any change in how depositors can deal with their accounts. Deposits can be accessed as normal through the relevant institutions and depositors can continue to do business as normal. No action is required by depositors. Any questions regarding individual accounts should be directed to the relevant institution through normal customer contact channels.
Both institutions will continue to communicate with customers throughout the process.
Anglo Irish Bank and Irish Nationwide Building Society continue to operate as credit institutions authorised and regulated by the Central Bank of Ireland.