Michael McGrath (Cork South Central, Fianna Fail)
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60. To ask the Minister for Finance if offshore operations exist at present in the State supported banks; if so, the number of accounts involved; the amount of deposits held; and if he will make a statement on the matter. [47598/17]

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:

Arising from the recapitalisation and restructuring of Allied Irish Banks, p.l.c. the banking operations of AIB ISL Limited and AIB CI Limited were wound down by 30 November 2013.

PTSB:

Permanent TSB plc had two operations in the Isle of Man.  The two are now either closed or in the process of closing. 

Specifically, Irish Permanent (IOM) Limited (IPIOM) surrendered its banking licence and closed for business in 2010. Permanent Bank International Limited (PBI) is in wind down and will surrender its licence as a deposit taker at the end of next month. PBI was acquired as part of the acquisition of a deposit book from Irish Nationwide Building Society after the financial crash.

In IPIOM there are currently 89 accounts representing deposit balances of £370,000 that remain to be repatriated to “out of contact customers”.  In PBI there are 223 accounts that remain to be closed, representing deposit balances of £20.2 million (Note: approximately 100 of these accounts are scheduled to close before the end of this month).

Michael McGrath (Cork South Central, Fianna Fail)
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61. To ask the Minister for Finance the number of deposit accounts held offshore by a bank (details supplied) in each year since the commencement of offshore operations; the value of these deposits in each year; and if he will make a statement on the matter. [47599/17]

Paschal Donohoe (Dublin Central, Fine Gael)
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As the Deputy will understand, the information requested is not held within my Department. The banks in which the State is a shareholder operate on an independent, commercial basis and I as Minister do not have a role in their operations.

AIB have provided me with the following response to the Deputy's query:

"AIB ceased banking operations in Jersey and the Isle of Man by 30 November 2013.

AIB CI and AIB ISL has published their Financial Statements in line with their regulatory and statutory obligations during the relevant periods when its entities were licensed by the applicable Regulators in the jurisdictions that it was carrying out regulated activities therein.

* Please note that AIBCI figures are consolidated figures for both Jersey and Isle of Man branches.

** Note ownership of Anglo Irish Bank Corporation (International) PLC, now known as AIB ISL Limited, transferred to AIB on 24 February 2011 under a transfer order made by the High Court on application by the Minister for Finance, acting under powers granted by the Irish Credit Institutions (Stabilisation) Act 2010.

AIB Group does not have ready access to historic customer number data.

On the surrender of the banking licences, the Banks established segregated accounts, with Estera Trust (Jersey) Limited & Estera Trust (Isle of Man) Limited, as administrator, being responsible for administering all unclaimed balances. Any such remaining Account Holders ceased to be depositors with the Banks and instead became a creditor of the respective legal entity for an amount equal to the balance of their former Account(s). Allied Irish Banks, p.l.c. has requested and been furnished with the following information by the administrator Estera Trust (Jersey) Limited & Estera Trust (Isle of Man) Limited."