Anglo Irish Bank renames to IBRC

Anglo Irish Bank Corporation Limited has confirmed that, with effect from today, 14 October 2011, the name of Anglo Irish Bank Corporation Limited has been changed to Irish Bank Resolution Corporation Limited. The Bank will now trade as IBRC.

The names of two regulated subsidiary companies have also changed effective from the same date. The name of Anglo Irish Mortgage Bank changed to IBRC Mortgage Bank and the name of Anglo Irish Assurance Company Limited changed to IBRC Assurance Company Limited.

Press notices to that effect will appear in national newspapers tomorrow, 15 October 2011, to ensure public awareness of this change.

Commenting on this name change Mike Aynsley, Group CEO, IBRC said:

“I am very pleased to announce today’s name change to IBRC. The Anglo name will cease to exist from today and the recently merged institution of Anglo and INBS will be officially known by this new name. I strongly believe that, in addition to meeting practical requirements for the merged organisation, this name change is of symbolic importance to all of us as we move on from the past. The cost to the Irish taxpayer caused by the disastrous lending practices and poor stewardship of Anglo Irish Bank and INBS will not be forgotten or forgiven. With these infamous names now committed to history, the new Board and management of the Bank will continue with focus and determination to recover as much money as possible for the state, as the organisation is fully wound down under the name IBRC”.   

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