Michael McGrath (Cork South Central, Fianna Fail)
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59. To ask the Minister for Finance when offshore operations commenced in each of the State supported banks; when operations ceased in these institutions; and if he will make a statement on the matter. [47597/17]

Paschal Donohoe (Dublin Central, Fine Gael)
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Officials in the Department of Finance have received the following responses from the banks in relation to the Deputy’s question:

AIB:

AIB’s businesses in Isle of Man and Jersey were established in 1977 and 1981 respectively. AIB became the owner of Anglo Irish Bank Corporation (International) PLC (now known as AIB ISL

(Limited) on 24 February 2011. Arising from the recapitalisation and restructuring of AIB, and the European Commission decision on State Aid, it was decided to wind down AIB ISL

Limited and AIB CI Limited in 2012. They ceased operations on 31 December 2013.

PTSB:

In its response, PTSB has assumed the Deputy’s question refers to deposit taking operations.